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

Social Security Trustees Update 2020 Report To Include Effects of Covid Recession

Reader and poster Dale Coberly updating Angry Bear readers on recent Social Security findings in the 2020 report. Reader Bruce Krasting had alerted Angry Bear to the publication by the Social Security Trustees of a “revised baseline” that includes effects of the Covid recession on their projections otherwise from the 2020 Trustees Report. “Updated Baseline […]

CORONA VIRUS AND SOCIAL SECURITY, ANOTHER GRAND BARGAIN?

by Dale Coberly; CORONA VIRUS AND SOCIAL SECURITY, ANOTHER GRAND BARGAIN? Republicans are showing what they are made of. After claiming that the Corona Virus was not serious, or was well contained, or was Democrat fake news; they are now admitting it is serious and calling it a Chinese virus. Fox News explained to a reporter […]

SOCIAL SECURITY, a little bad news (sorta) and a little good news (sorta)

by Dale Coberly The bad news is that we have slipped past the day when we could have saved Social Security from ever reporting “short term actuarial insolvency” by raising the payroll tax one tenth of one percent per year (about a dollar per week). This is only sorta bad because it doesn’t really matter […]

Larry Kotlikoff’s Social Security editorial in “The Hill”

by Dale Coberly KOTLICOFF ON THE HILL with Social Security Larry Kotlikoff wrote an editorial that appeared May 14 in “The Hill:”  “Social Security Just Ran a $9 Trillion Deficit and Nobody Noticed“ He cried, “Wolf! Wolf! Social Security ran a 9 Trillion Dollar Deficit last year and nobody noticed!” He went on to explain […]

Reposted from Jan. 2018: Social Security and conversation

(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 […]

SOCIAL SECURITY TRUSTEES REPORT OUT TODAY… or was it yesterday?

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 […]

Robert J. Samuelson Also Exaggerates Social Security Problems

Robert J. Samuelson Also Exaggerates Social Security Problems Not really a surprise, after all, it is Monday, and RJS has been at this for quite a long time at his post at WaPo.  But the recent release of the Trustees’ Report has not only gotten the Associated Press all bent out and shrieking “insolvency,” but […]

AP Exaggerates Social Security Problems

AP Exaggerates Social Security Problems Dean Baker at Beat-the-Press has pointed out (sorry, not able to link to it) that Associated Press put out a tweet that presents an essentially hysterical story about future prospects for Social Security following the recent release of the Trustees.  This report says that as of 2026 Medicare and as […]

SOCIAL SECURITY TRUSTEES REPORT

by Dale Coberly SOCIAL SECURITY TRUSTEES REPORT: There is yet time, brother. But not much. The Social Security Trustees have issued their annual report. It is not much changed from last year. In fact it is a little better.  Last year’s Report projected that by this year Social Security would have reached “short term financial inadequacy.” […]