Relevant and even prescient commentary on news, politics and the economy.

Larry Kotlikoff’s Social Security editorial in “The Hill”

by Dale Coberly KOTLICOFF ON THE HILL with Social Security Larry Kotlikoff wrote an editorial that appeared May 14 in “The Hill:”  “Social Security Just Ran a $9 Trillion Deficit and Nobody Noticed“ He cried, “Wolf! Wolf! Social Security ran a 9 Trillion Dollar Deficit last year and nobody noticed!” He went on to explain […]

Reposted from Jan. 2018: Social Security and conversation

(Dan here…Social Security is an issue that seems to generate a lot of firm beliefs and passion, as witness recent threads.  It is rare that people refer to actuary material.  On the other sides of the issue are people like Andrew Biggs, who is knowledgeable and smart in his arguments.  I am posting this as […]

Media Continues VSP Story On Social Security

Media Continues VSP Story On Social Security Here we go again.  We have arrived at the time for the release of the annual Social Security Administration (SSA) report.  It got the usual headlines across the media, that the SSA will “run out of money” in 2034. Most of the stories played it all scary, although […]

SOCIAL SECURITY TRUSTEES REPORT OUT TODAY… or was it yesterday?

by Dale Coberly SOCIAL SECURITY TRUSTEES REPORT OUT TODAYor was it yesterday? Ho Hum.  The 2019 Social Security Trustees Report was released yesterday. The Committee for a Responsible Federal Budget published its usual half truths (also known as “lies”):. “We are all going to die!” The Reporters and Columnists Who Cover Them ™ reported the […]