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

Demographic Outlook 2024 to 2054 Part II: Population Used by CBO to Project the Labor Force

I have been shrinking this total report through editing so as to make it easier to read in a shorter amount of time. It is also split into three parts to minimize the size of the read also. To me, it is pretty interesting as there have been discussion about how the CBO and other […]

CBO Aug 7, 2015: Monthly Budget Review for July

Monthly Budget Review for July 2015 Bolding mine: The federal government’s budget deficit amounted to $463 billion for the first 10 months of fiscal year 2015, CBO estimates. That deficit was $2 billion larger than the one recorded during the same period last year. If not for shifts in the timing of certain payments (which […]

CBO Budget and Economic Outlook: 2015 to 2025

CBO Budget and Economic Outlook: 2015 to 2025 Document link for Robert’s post. Lots of numbers here, including a new Jan 2015 Baseline for Social Security Just started poking at the numbers but it seems that CBO has revised projected revenue for SocSec down going forward. Not by a lot but perhaps enough to make […]

Social Security Defender Shared Files

Who or what is ‘Social Security Defender’? Well it is basically a G-mail account controlled by me: . Which is kind of pretentious and vainglorious on my part but does allow a platform for some attached products including the blog Social Security Defender and a Google Drive. In which as an experiment I have […]

The CBO Wants to Discuss Healthcare and the Deficit?

The CBO Wants to Discuss Healthcare and the Deficit?(from run75411) Someone struck a nerve, “The Lady Doth Protest Too Much: CBO Director Asks for A Chat . . .”. Yves Smith at Naked Capitalism received an interesting email after a voice mail from the Associate Director of Communications for the CBO: Greetings, Susan.I am following […]

Medicare Cuts: What is the Fight About?

by Run75411 “Water For Elephants” “carrying water for elephants” is a phrase that means carrying a heavy load, much like carrying a secret that you can’t tell even someone you love wholeheartedly, just as in the end Jacob does for his wife.An elephant drinks 25-75 gallons of water a day far more than any man […]

CBO Sleight-of-Hand

I’m late to seeing this, and Bruce has probably already covered it, but Doug Elmendorg at the CBO inadvertently gives away the game on the Administration’s approach to—let alone opinion of—the Social Security “Trust Fund”: The balances in trust funds have accrued because income associated with those programs has exceeded the expenses; when that happens, […]

Who Scores the Deficit Commission: CBO or OACT?

by Bruce Webb (My God, can we get any more jargony and wonkish? Well “Si, Si, Puede!”) When the Greenspan Commission was convened back in 1982 Social Security scoring started and stopped with the SSA Office of the Chief Actuary who are also tasked with researching, compiling and presenting the Annual Report for review and […]

CBO data on taxes and income

CoRev asks if anyone wants to discuss the justifications of the beneficiaries of the different parties policies. So I though this gives me an opportunity to present some recently publishedCBO data on income and tax that could give people something to tie the discussion to. Republican policy has been to favor the more affluent in […]