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

GOP PLANS TO GUT SOCIAL SECURITY

by Dale Coberly GOP PLANS TO GUT SOCIAL SECURITY The  Republicans have opened a new assault on Social Security.  At present all I know about it is what I read  in a Talking Points Memo by Tierney Sneed   Key House GOPer Introduces Bill With Major Cuts To Social Security . The trouble with Sneed’s article […]

SOCIAL SECURITY TRUSTEES REPORT

by Dale Coberly SOCIAL SECURITY TRUSTEES REPORT An Overview of the Overview The 2016 Trustees Report  didn’t have much new to say, so the usual commentators were free to say what they have always said, which is mostly wrong. A careful reading of just the Overview (p 2 to 25 of the Report) will help […]

SOCIAL SECURITY, OBAMA, and the CRFB

by Dale Coberly SOCIAL SECURITY, OBAMA, and the CRFB Obama once offered to cut Social Security as part of a Grand Bargain with the Republicans.  Now he says he thinks Social Security ought to be expanded. The Committee for a Responsible Federal Budget (CRFB) answers him with their usual list of reasons why Social Security […]

Social Security: Solvency, (Unfunded) Liability, Debt & Crisis (Part One)

By law the Annual Social Security Report is due by April 1. But as in every year for the last decade this deadline was missed and of course without explanation or excuse, leaving Social Security hobbyists like me whimpering. Luckily there are not a lot of SocSec fanboys and fangirls. It might be a club […]

CBO’s 2015 Long-Term Projections for Social Security: Additional Information

CBO’s 2015 Long-Term Projections for Social Security: Additional Information The Social Security Policy Options, 2015 was not the only report released by CBO yesterday. You have this one filling out the details in the Long-Term Budget Outlook Haven’t read this one either. So you all get first shot at framing the debate! Go get ’em […]

VSPs Get Their Way With Budget Deal: Social Security Benefits Are Cut

by Barkley Rosser     (Econospeak) VSPs Get Their Way With Budget Deal: Social Security Benefits Are Cut All the Very Serious People are jumping up and down and cheering.  We have a budget deal in the House and the debt ceiling is being raised and there will be no more artificial budget crises until […]

Yes, Brad, He Has

This has produced another edition of “Simple Answers to Simple Questions.” Just to expand this a bit, and to deal with the 1987 absurdity, the proximate cause of the 1989 adjustment—an adjustment of less than 10% in the Dow that only took two full calendar months to return to its level at close on 12 […]

Social Security Defender Archive: Including Northwest Plan Docs/Spreadsheets

I have been working off and on, well mostly off because of ‘life’ and ‘laziness’, since 2010 on a project I modestly called the Social Security Defender. It is all built around a Google account and so has a Google+ page, a blog, an e-mail address and a Google Drive. Today I am going live […]

Table IV.B5: Social Security OAS and DI Actuarial Balances by 25 Year Subperiod

Table IV.B5.—Components of Summarized Income Rates and Cost Rates,Calendar Years 2015-89[As a percentage of taxable payroll]Lots of numbers here but the only ones want to focus on are those in the last column, those which show actuarial balances for each of the OAS and DI Trust Funds for for the next 25, 50 and 75 […]