by jpitney | Oct 21, 2024 | Debt, Economic Policy, Social Security
Michael Strain at The Financial Times: The first step to solve the budget problem is to acknowledge it. But at Harris and Trump’s presidential debate, the word “debt” was not mentioned once. Nor can it be found in the 2024 Republican party platform. Harris makes only...
by jpitney | Jul 20, 2024 | Debt, Economic Policy, Social Security
Brian Riedl nails it at Reason: Paradoxically, the faster government debt escalates toward an inevitable debt crisis, the less politicians and voters seem to care. In the 1980s and 1990s, more modest deficits dominated economic policy debates and prompted six...
by jpitney | Jun 11, 2024 | Public Opinion, Social Security
Dan Witters at Gallup Seventy-three percent of U.S. adults under the age of 65 report that they are “worried” (41%) or “extremely worried” (32%) that Medicare will not be available when they are eligible to receive it, a six-percentage-point jump since 2022, according...
by jpitney | Apr 2, 2023 | Social Security
From the Social Security Administration: The Social Security Board of Trustees today released its annual report on the financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance...
by jpitney | Sep 1, 2021 | Budget, Debt, Social Security
The Committee for a Responsible Federal Budget sums up the annual report of Social Security trustees: The Social Security program is only 13 years from insolvency, and action must be taken promptly to prevent an across-the-board benefit cut for many current and future...
by jpitney | Dec 3, 2019 | Civility, Congress, Reagan, Social Security
At LegBranch,com, Philip A. Wallach recalls the “Gang of Nine” negotiations that led to the rescue of Social Security in the early 1980s. Nine was a small enough number to allow absolute secrecy in negotiations, as well as an intimate setting, in the home...
