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

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 […]

Ken Houghton, Bruce Webb, Tom Bozzo, Afferent Input join Angry Bear

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 […]

Bruce Webb Reads the Social Security Trustee’s Report

Bruce Webb looks at the Trustee’s Report… — One of my very first posts at my Social Security website was What is the Low Cost Alternative which I put up on November 20th, 2004. In it I made the observation that since 1997 Low Cost, purportedly the upper end of a possible range of economic […]

Confidential to Bruce Webb

Stop reading this. I said its for Bruce Webb. Stop. Stop, I said. You’re still reading, aren’t you? Yeah, you. $%#^ busybodies. Bruce, Drop me a line. The e-mail address I have for you is outdated. Thanks. cactus

Bruce Webb caught this item

…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 […]

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 […]

Bruce Webb on the 2007 SS Trustee’s Report

In comments, Bruce Webb tells us he has links to theAnalysis of the SS Trustee’s report up. First consider the Cost of Nothing. The 2005 Report projected a payroll gap up from 2004, to 1.92% from 1.89%. Which is what you would expect, problem left unaddressed got worse. But if you quantified it you ended […]

Comments on Social Security Projections versus Reality by Bruce Webb

Following in Brad de Long’s noble tradition of hoisting from comments, what follows are Bruce Webb’s comments to a PGL post from earlier today. The Bureau of Public Dept just released Nov 30 balances in the OAS and DI Trust Funds OAS (Survivor/Old Age)$1,835,219,251,439.91up just under $9 billion for the month.DI (Disability)$204,008,148,674.27down about $200 million […]