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We continued our conversation about personal finance. Parts 1 and 2 can be found here. Here we discussed the inherent shortcomings of 401(k) accounts, and why the New School’s Teresa Ghilarducci has been called the “Most Dangerous Woman in America.” I lament the public sector’s failure to properly finance its retirement obligations, which undercuts the [...]
Posts Tagged ‘Social Security’
April 29th, 2013
by Harold Pollack
Category: Uncategorized
Posted: Monday, April 29th, 2013 at
7:32 am
Tags: personal finance, Social Security
No Comments »
January 17th, 2013
by Don Taylor
Category: Social Insecurity
A brief response to a comment from yesterday’s post. When CBO projects the point at which the Social Security trust fund will be “exhausted” that means there are no more securities to redeem to pay benefits that are now greater than payroll taxes flowing into Social Security, and under current law when this occurs benefits [...]
Posted: Thursday, January 17th, 2013 at
7:20 am
Tags: Social Security, Social Security Disability Insurance
10 Comments »
November 28th, 2012
by Don Taylor
Category: Affordable Care Act, Health Care
A new poll shows that raising the Medicare age slowly to 67 (presumably to unify it with the Social Security full retirement age) is not popular. It is a bad idea in policy (TIE FAQ is good) terms because all you are doing in a state with an exchange and a Medicaid expansion is mostly [...]
Posted: Wednesday, November 28th, 2012 at
7:03 am
Tags: Medicare, Social Security
11 Comments »
June 8th, 2012
by Don Taylor
Category: Debt ceiling
(cross posted at freeforall) Bob Pozen writes that reform of Social Security is the route to a deal to avoid the looming ‘fiscal cliff.’ I wrote something similar in March, 2011, and followed up with more on my view of the benefits of moving sooner rather than later on Social Security reform, a theme that [...]
Posted: Friday, June 8th, 2012 at
12:53 pm
Tags: Fiscal Cliff, Fiscal Slope, Social Security, Taxmageddon
44 Comments »
May 10th, 2012
by Don Taylor
Josh Barro notes that marriage cannot be an entirely state issue because of the way in which it impacts things like Social Security and Medicare eligibility. Below is the majority of a post I wrote in September, 2011 on the subsidy of marriage provided by Social Security….. Gene Steurle and Stephanie Rennane have a nice [...]
Posted: Thursday, May 10th, 2012 at
8:18 am
Tags: Medicare, Social Security, Subsidy of marriage
6 Comments »
April 24th, 2012
by Don Taylor
The 2012 Social Security Trustees report estimates the year at which benefits will outpace Social Security (OASDI) payroll tax receipts plus spending authority granted by IOUs (from when more payroll taxes flowed in than benefits were paid out), and the program will no longer able to pay full benefits as 2033. However, under current law, [...]
Posted: Tuesday, April 24th, 2012 at
7:02 am
Tags: payroll taxes, Social Security, Social Security Disability Insurance
3 Comments »
April 12th, 2012
by Lowry Heussler
Category: Social Insecurity
Commenter Mike Kaplan asks Harold Pollack a question: Why am I paying taxes to take care of your brother-in-law Vincent? He is your family – why don’t you take care of him? Why do you want to force me to sacrifice my time and labor – in taxes – to do what you are not [...]
Posted: Thursday, April 12th, 2012 at
7:51 am
Tags: income support, Intellectual disability, Social Security
63 Comments »
September 12th, 2011
by Mark Kleiman
Perry’s op-ed on Social Security, boldly headed “I am going to be honest with the American people,” calls boldly for “a conversation” on Social Security without actually being bold or honest enough to contribute anything to that conversation but some predictable talking points.
Posted: Monday, September 12th, 2011 at
4:14 pm
Tags: Ponzi scheme, Social Security
3 Comments »