Social Security

The establishment consensus is accurately summarized by Martin Feldstein, “Preventing an explosion of the national debt requires slowing the growth of the benefits of middle-class retirees.” But the truth is that the middle class and poor need more help than ever. David Callahan has written here at...
11/13/2013
Blog
04/11/2013
Data Byte
Cutting Social Security is unpopular, bad policy, and bad economics. But the president’s 2014 budget, released today, acquiesces to conservative demands for entitlement reform by adopting the innocuously titled chained CPI growth measure for Social Security, a proposal that would hurt the already...
04/10/2013
Blog
President Obama picked the very day that new job creation collapsed to propose a deflationary budget deal featuring cuts in Social Security and Medicare. This is perverse economics and worse politics, on several grounds. The economy created just 88,000 jobs in March, down from close to 200,000 in...
04/08/2013
Blog
Even as the politicians in Washington -- of both parties, alas -- talk about cutting Social Security benefits, more evidence keeps piling up that tomorrow's retirees will have higher financial needs than today's seniors. While nobody wants to admit it, the truth is that we should be talking about...
04/04/2013
Blog
Official Washington, including many Democrats, seems to believe that the U.S. can prudently trim entitlement programs for seniors -- with the main impact of these cuts felt years from now. But a big problem with this thinking, as I have noted here often, is that future generations of seniors are...
03/18/2013
Blog
I will start drawing Social Security next month. I think I've earned it. On the other hand, I have to admit that society has been good to my generation. I was able to graduate from a good private college with no debt. Four years at Oberlin cost $10,000 -- tuition, room, board, books, fees. Not $10,...
03/18/2013
Blog
Even if you believe the U.S. should be running big deficits right now to stimulate growth, as I do, it is easy to grow deeply disturbed by projections of rising interest payments on the national debt in the coming years.  As I have noted here, the Treasury will start shelling out more for...
01/28/2013
Blog
Syndicate content