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

Northwest Plan 2013 – Extracts by Webb

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 […]

Northwest Plan 2012 – Numbers by Request of Commenter BK

I am just beginning an attempt to tranform the Northwest Plan for a Real Social Security Fix into a series of Tables and Figures (and original spreadsheets) that people can review at length. But since the authors were effectively accused of not really having numbers at all here is an advanced peek at some of […]

Social Security under ‘Sustainable Solvency’: Debt & Deficit Revisited

The current Chief Actuary of Social Security is Stephen Goss and on the occasion of the publication of the 75th Anniversary issue of the Social Security Bulletin he contributed what may be the most valuable single piece you will ever read on Social Security financials. The article carried the title The Future Financial Status of […]

Debts, Deficits and Social Security

With the release of Tim Geithner’s new autobiography the old quarrel about whether Social Security does or even can add to “the deficit” has cropped up again. So rather than weigh in let me start from a more neutral spot. CBO produces a document called the Monthly Budget Review and in Nov 2013 it carried […]

Millennials and Social Security…it is already included in the plan

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 […]

Why No Social Security Posts on Angry Bear?

Because we won. Or more precisely I won. Because we are not that much closer to the adoption of the Coberly inspired Northwest Plan than before, despite the fact that similar plans poll spectacularly positive. But mostly all the ‘Reform’ plans for an ‘unsustainable’ Social Security system are running scared from the Senator Warren and […]

GETTING THE FACTS RIGHT ON SOCIAL SECURITY? CRFB TRIES AGAIN

by Dale Coberly GETTING THE FACTS RIGHT ON SOCIAL SECURITY? CRFB TRIES AGAIN CRFB appears to have simply misread some of what I said.  But they also appear to believe they can argue by “assertion”  or by citing other “non partisan experts” who are members of the Peterson  machine. i will come back to that, […]

Getting the Facts Right on Social Security…CRFB responds

Dan here  .  .  .  this post is a direct response to Dale Coberly’s post. Both posts are long and complicated, so I and Marc expect further posts to tackle particular policy issues. Getting the Facts Right on Social Security cross posted with Committee on Responsible Federal Budget The late Senator Moynihan once said that […]

New series on Social Security: Angry Bear and Committee on Responsible Federal Budget

This post is simply a short note to let readers know that a series of posts and topical threads will be published over the next weeks by staff at the Committee on Responsible Federal Budget and contributors to Angry Bear blog and several outside authors in our network. Marc Goldwein,  Policy Director for the Committee […]

OH NOES! SOCIAL SECURITY IS BROKE AGAIN

by Dale Coberly OH NOES! SOCIAL SECURITY IS BROKE AGAIN AND WE’RE ALL GOING TO DIE! BECAUSE…  BECAUSE… BECAUSE WE’RE ALL GOING TO LIVE FOREVER A couple of public spirited citizens have taken some of their Own Time to warn us that Social Security is (taken from last January) “worse than you think.” They take […]