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No, Social Security isn't going to run out of money

Posted on 2019-05-02 by GaryMay 1, 2019
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At the start of last week the latest report from the Social Security Trustees (link) was released, leading to predictable but misleading warnings that the system was going to "run dry." For example, the headline on this article from the … Continue reading →

Posted in Business and commerce, News and politics | Leave a reply

Two minutes on proposals to cut Social Security

Posted on 2013-04-27 by GaryJuly 19, 2013
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Former Secretary of Labor Robert Reich gives a brief, straightforward explanation for why switching to chained CPI isn't appropriate for Social Security cost-of-living adjustments: Link: http://youtu.be/fvXuANd2l80 (I'm not sure why some ninny thought the ticking kitchen timer sound effect was … Continue reading →

Posted in News and politics, Video clips | Leave a reply

Should Social Security be expanded rather than cut?

Posted on 2013-04-15 by GaryApril 14, 2013
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Conservatives have never been fans of Social Security and for years have advocated fully or partly privatizing it (which Wall Street would adore) or at least pushing through major cuts, which they are often inclined to call "entitlement reform" because … Continue reading →

Posted in News and politics | 2 Replies

Yet more about Social Security

Posted on 2012-05-04 by GaryMay 3, 2012
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On April 23 the U.S. Social Security Board of Trustees published a press release summarizing its newest annual report. The big news was that the Trustees now estimate, based on the depressed state of the economy, that the Trust Fund … Continue reading →

Posted in News and politics | 2 Replies

No, Social Security isn't in trouble

Posted on 2012-03-29 by GaryMarch 28, 2012
3

With the possible exception of highways, the federal program that most directly affects the vast majority of Americans is Social Security, so in a rational world we’d all have a pretty good understanding of it. Yet from discussions I’ve seen … Continue reading →

Posted in News and politics | 3 Replies

Rick Perry's mistakes on Social Security

Posted on 2011-09-23 by GaryJuly 21, 2017
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As Steven Benen pointed out this morning, Texas Governor Rick Perry is backing away from his earlier suggestions that Social Security was an unconstitutional bad idea. I suppose that's good news, but it's perhaps worth noting that Perry also made … Continue reading →

Posted in News and politics | 1 Reply

Confusion about life expectancy and Social Security

Posted on 2011-07-25 by GaryJuly 21, 2017
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I'm a little late getting around to this, but back on May 6 of this year former Senator Alan Simpson (R-Wyoming) appeared at an Investment Company Institute program, also broadcast on C-SPAN, to discuss the recommendations of the National Debt … Continue reading →

Posted in News and politics, Science | 1 Reply

Why are projected budget deficits so huge?

Posted on 2018-02-20 by GaryFebruary 20, 2018
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At Vox, Dylan Matthews interviews former White House chief economist Jason Furman about the Trump budget proposal, which Furman finds alarming because while he has no problems with using large deficits to escape a serious recession, he doesn't like President … Continue reading →

Posted in News and politics | Leave a reply

Hank Green explains life expectancy clearly in under four minutes

Posted on 2017-09-13 by GarySeptember 13, 2017
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In the video below Hank Green does a good job of addressing one of my hobbyhorses, namely the popular misunderstanding of life expectancy. Current U.S. life expectancy at birth is about 76.5 for men and 81.2 for women, but if … Continue reading →

Posted in Health and healthcare, History, Just interesting, Science, Video clips | Leave a reply

Were you affected by the Equifax hack?

Posted on 2017-09-08 by GarySeptember 8, 2017
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As you've probably heard, the major credit reporting bureau Equifax had its database broken into by criminals a couple of months ago and sensitive personal information was stolen for nearly half the U.S. population. Equifax has a website where you … Continue reading →

Posted in Business and commerce, Just interesting, News and politics, Scams | Leave a reply

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