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 […]

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 […]

Northwest Plan for Social Security: Conservative “Workers – Take Your Medicine”-ism (and why this Social Democrat likes it)

Long time readers of Angry Bear will be familiar with the Northwest Plan for a Real Social Security Fix. It has been pushed here in a series of posts and in innumerable comments (mostly by Dale Coberly) since 2009 including this core post: NW Plan for a Real Social Security Fix Ver 2.0: 2009 Trigger. […]

Millennials and Social Security…it is already included in the plan

Dean Baker at the Center for Economic and Policy Research offers a smackdown of Abby Huntsman’s warnings to millenials on MSNBC. For today I want to highlite several points. Dean Baker offers essentially Dale’s Northwest Plan as a way to deal with any problems of funding. Center for Economic Policy and Research lifted from an […]

SOCIAL SECURITY AND INNUMERACY

by Dale Coberly SOCIAL SECURITY AND INNUMERACY MATH HELP FOR K*ASTINGS In the open thread section last night constant reader B*uce K*asting reported: “CBO changed some variables, the result was an increase in the unfunded numbers. In 2012 CBO concluded that the shortfall was 1.9% of payrolls. In 2013 they increased that to 3.4% – […]

If 401ks don’t serve many customers, we need higher Social Security benefits

Brad DeLong adds his voice to the people addressing the retirement woes of many: Edward Filene’s idea from the 1920s of having companies run employer-sponsored defined-benefit plans has, by and large, come a-crashing down. Companies turn out not to be long-lived enough to run pensions with a high enough probability. And when they are there […]