by Bruce Webb Barkley Rosser and I among others have long claimed that Social Security’s economic models are too pessimistic in light of performance both over the whole post-war period and particularly over the last dozen years. And the numbers looking back are pretty clear, Social Security income/cost ratios have come in better than Intermediate […]
Post lifted from Barkley Rosser at Econospeak How Bruce Webb And I Helped Save Social Security (Maybe) A few days ago Obama was quoted as saying that “getting entitlement spending under control” would be part of the effort to deal with budgetary problems. Most think he is focusing on getting rising medical care costs under […]
by Bruce Webb Right Wingnuttia is ablaze. Time for some cold water. There are a couple of lawsuits floating around concerning Obama’s alleged non-citizenship. One is Berg v. Obama which was dismissed due to lack of standing on October 24. Berg has appealed that to the Supreme Court which has not to my knowledge taken […]
In honor of Bruce Webb’s “hibernation” post (and reinvigoration of his own blog), a partial retrospective of his 50-part series (for which some enterprising publisher should contract for a book version): Intergenerational Equity, Unfunded Liability and Selfish Boomers Unfunded Liability Bookended Social Security 2027: A date for action? CBO: Updated Long-Term Projections for Social Security […]
Soc Sec XXXVI: $17 Trillion Backward Transfer was a response to a comment by Jim Glass (scrivener.net) to a post by Andrew Biggs. Andrew responded with a new post attempting to rebut my argument. You can see the whole thing at Responding to Angry Bear: Where does $17 trillion come from including my response to […]
Andrew Biggs responds to Bruce Webb regarding Arne’s seven questions on social security. The site is worth visiting. Thanks Andrew. Over at Angry Bear, Bruce Webb posts a number of questions on Social Security financing and reform put together by Arne. These raise a number of important and interesting issues which deserve treatment at some length, […]
Well Reader Dan invited me to submit some posts on Social Security and so here I am. Depending on reader interest this is the first in a series trying to get us to a deeper understanding of what Social Security actually is and where it is likely heading. And that may be a much different […]
In the next few weeks four excellent and dynamic writers will begin posting at Angry Bear on a soon to be determined but regular basis. Many already know the quality of thought and expertise each offers, so it is with great pleasure that we welcome them into the fold of Angry Bear contributors. Bruce Webb […]
…in the course of responding to a linked Fallows piece in theAtlantic in comments at Ezra’s I ran across a very intriguing chartfrom Treasury Fallows was putting out the standard line: We buy toys from China,China turns around and finances our deficit, ultimate end resulttrainwreck. Well oddly enough the numbers don’t support that at leastfor […]
Hoisted from comments, Bruce Webb writes… The Economic Right as represented by Sowell are getting desperate and as such are petulently lashing out. The key to understanding their thinking is that they don’t see inequality as something to be resisted. In their ideology cream rises to the top while the markets allocate returns on productivity […]