Quantcast

Category Archive: Phony social security crisis

Feb 23 2012

Update on the seasons

I received a private email communication from a reader that had some interesting information about my post yesterday on changing the seasons, also

Continue reading »

Jan 25 2011

How Monica Lewinsky saved Social Security

(For previous posts about the oligarchy, see here.) I have repeatedly said that progressives have to be most on the alert when Democrats are in power. It is under Democratic administrations that the oligarchy tries to achieve major goals because the party’s base, ever-vigilant to guard against encroachments when Republicans hold power, falls asleep when …

Continue reading »

Jul 23 2010

The phony social security crisis-7: Who are the hard workers?

As I said in the previous post in this series, the elites who work in comfortable conditions in well-paying jobs have no idea of what work is like for the vast majority of people. And they live in this cocooned world where the media feeds their inflated sense of self-worth. The ever-oblivious New York Times …

Continue reading »

Jul 22 2010

The phony social security crisis-6: Retirement and the nature of work

The doomsayers have managed to persuade the majority of people that they will not receive anything from social security, though that is completely false. The idea that the only way to solve the overblown social security ‘crisis’ is to raise the age of full benefits eligibility from 65 to 70 is wrong. There are other …

Continue reading »

Jul 21 2010

The phony social security crisis-5: Raising the social security retirement age

(Continuing a series from March 2008.) If you want to implement policies that really stick it to poor people, you have to do it when the Democratic Party is in power. The reason that Democratic administrations are the most useful vehicle for harming the poor is that those who call themselves ‘liberals’ are far more …

Continue reading »

Mar 07 2008

The phony Social Security crisis-4: What needs to be done

(For previous posts in this series, see here.) While Social Security is not in a crisis, it does require periodic adjustments to make it work, as the economy and demographics of the population change. It can be made solvent with minor tinkering at the edges such as removing entirely the cap on payroll tax income …

Continue reading »

Mar 06 2008

The phony Social Security crisis-3: More realistic views of the alleged ‘crisis’

(For previous posts in this series, see here.) In deciding whether Social Security is in trouble or not, it is important to bear in mind different measures. Let us start by assuming that no changes at all are made in the system and that current projections for future demographics hold for the next fifty years. …

Continue reading »

Mar 05 2008

The phony Social Security crisis-2: Double talk on Social Security

(For previous posts in this series, see here.) We currently see this curious double-talk taking place about the US bonds that form the assets of the Social Security trust fund. When trying to scare people about Social Security, people in this administration talk about the bonds in the trust fund being ‘worthless’ pieces of paper. …

Continue reading »

Mar 03 2008

The phony Social Security crisis-1: Understanding the system

There are many who would have you believe that Social Security is in dire straits and that it will go broke soon, so that younger people who are paying into it now will not get any benefits when they retire. While Social Security regularly requires tinkering to remain solvent, this kind of rhetoric is misleading …

Continue reading »