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

Northwest Plan for a Real Social Security Fix: Duesenberg Draft

The Northwest Plan for a Real Social Security Fix was introduced and then revised in 2009, explaining why the post link references ‘Vers 2.0’. What makes the NW Plan ‘real’ is that it is both permanent and contingent. To explain this mild paradox lets take an analogy. Let’s say you have a 1935 Duesenberg that […]

Bruce Webb, Dale Coberly, Arne Larson and the National Academy of Social Insurance

Rdan The National Academy of Social Insurance report on options for Social Security is public and now available in pdf form. “The purpose of this report is to help analysts and policymakers consider options to bring Social Security into long-term balance in ways that also address concerns about benefit adequacy.” One cannot simply glance through […]

Bruce Webb and Barkley Rosser and Social Security

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 […]

Bruce Webb on Social Security: The Collection

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 […]

Bruce Webb’s Take on Social Security: I

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 […]

Bruce Webb: The Desperation of the Economic Right

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 […]