{Cross posted from dKos Social Security Defenders group. Some parts will be pretty familiar to AB readers} You may have to bear with me here. Because very few people have seriously examined what a solvent Social Security system would actually look like. One of those that has is (thankfully) Steve Goss, the Chief Actuary of […]
{Cross posted from dkos Social Security Defenders Group} If we back up a bit and examine Social Security absent the lenses of the various economic and ideological stakeholders, it is clearly not in crisis. But it does face challenges, or at least one challenge viewed three different ways. The challenge is stated pretty simply: under […]
by Bruce Webb Exactly a month ago I put up a post If a Social Security Annual Report Vanishes into the Forest noting that not only was the Report months overdue but that nobody seemed to notice or care that there was no official announcement about the reasons for the delay or a new release […]
by Bruce Webb Well this is a response to a question in the Rivlin thread. There are widespread misunderstandings about what if anything makes up the “IOUs” in the Trust Funds, with many people thinking they just have artificially low rates (and so obviously underperforming theoretical private accounts) or just are open-ended loosey-goosy commitments to […]
by Bruce Webb Well it has been a relatively quiet winter on the Social Security front, but we are fast coming up on what I only half-jokingly call the “Bestest Day of the Year”, the release of the Annual Report of the Trustees of Social Security. The Report has in many recent years come out […]
by Bruce Webb Don’t step in the Voodoo. Leap in U.S. debt hits taxpayers with 12% more red ink Yhe latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That’s quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and […]