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 […]
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 […]
(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 […]
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. […]
FEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUND AND FEDERAL DISABILITY INSURANCE TRUST FUND (c) With respect to the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (hereinafter in this title called the “Trust Funds”) there is hereby created a body to be known as the Board of Trustees of […]
Publisher’s (New Press) webpage: Social Security Works! More below the fold.
Click to embiggen. And then do some magnifying. Because even a selected file covering the whole 75 year projection period yields small type. Anyway this is my first take from Dale Coberly’s numbers for 2013 Northwest Plan with three calculated columns added by me. Those are the three with “Cost-Non Interest Income” as part or […]
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 […]
by Dale Coberly THE CBO AND SOCIAL SECURITY HYSTERIA and HONEST MATH The Congressional Budget Office (CBO) recently released a new projection for the costs of Social Security [no citation. I looked up the link in the AEI article (below) and did not immediately find a projection for SS]. They say that increases in […]
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% – […]