by Bruce Webb On Thursday I put up an extract from a SSA Office of the Actuary score of one of two of the Simpson-Bowles draft Social Security plans, that is the bottom line of Plan 2A Bottom Line Score on Simpson-Bowles. This post expands on that by including the cover letter and plan details […]
Reader HM suggests this sort of letter to Congress: Senator/Representative _________: I am writing to you to ask you to join the fight against those who want to “privatize” / “personalize” or otherwise roll back the Social Security retirement insurance program as we know it. As I’m sure you know, to ensure Social Security had […]
Lifted from comments here by Reader Jack, who recommends writing to your Congress representatives. Now this is probably not as satisfying as the (hat tip Yves Smith crosspost) post from Steve at the Daily Bail. Dear——-, I hope that you will be standing tall against the current forces of deception that are campaigning hard to […]
by Bruce WebbThe above though not yet widely released is a from a public document produced by the Social Security Office of the Chief Actuary. It shows the final results of the Simpson-Bowles Social Security proposal as percentage of benefits payable to various income levels compared to ‘scheduled’ and ‘payable’ benefits. Under current projections ‘payable’ […]
Seven steps to Social Security cuts by Bruce Webb was posted January 2010 this year at Angry Bear and has proven to be prophetic: ‘…is that the strategy to get major slashes to Social Security and Medicare takes an Seven Step and that this technique is not new and in fact mirrors the original plan […]
Some of the recommendations as outlined by TPM from the Pres. Obama’s Bowles and Simpson fiscal commission: Social Security cuts: Index the retirement age to longevity — i.e., increase the retirement age to qualify for Social Security — to age 69 by 2075. Index Social Security yearly increases to inflation rather than wages, which will […]
by Bruce Webb A year and a half ago I put up a post here called The Fierce Urgency of ‘Nothing’ whose conclusion was: “Nothing”. The numerically proven plan for Social Security since 1997. So you can imagine my gratification at running across the following by the co-author of the must read book from 1999 […]
by Bruce Webb Well I guess my reputation precedes me at least a little bit. Jed Graham of Investor’s Business Daily has devised a new fix for Social Security and published it as A Well Tailored Safety Net (link to chapter summary) and kindly offered to send me a copy to review. Well I am […]
by Bruce Webb In the past I have travelled or lived in most parts of the U.S. and in visiting the local tavern, bar or lounge am offered some choices in types and serving sizes of beer. Most places by answering ‘bottle’ to the question ‘bottle or draft’ you are locked into a measured 12″ […]
by Bruce Webb Are the Special Treasuries that make up the Social Security Trust Funds real? Absolutely, quite apart from legal and historical arguments the DI Trust Fund will be cashing in some $23 billion of them in 2010 along with taking some $9 billion [edit] in interest, their reality is affirmed every time a […]