bloomberg.com - 3/30/2009
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Commentary by Kevin Hassett March 30 (Bloomberg) -- Criminals know that people who are distracted might forget to keep an eye on their valuables. It’s just happened to us as a nation. We have all been so busy whining about bonuses at American International Group Inc. and arguing about the ...
washingtonpost.com - 3/31/2009
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washingtonpost.com —
Comments that include profanity or personal attacks or
other inappropriate comments or material will be removed from...
the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
(more)
Recession Puts a Major Strain On Social Security Trust Fund
globaleconomicanalysis.blogspot.com - 4/3/2009
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globaleconomicanalysis.blogspot.com —
Social Security is back in the limelight where
once again its problems will no doubt be ignored....
Please consider Recession Puts a Major Strain On Social Security Trust Fund . The U.S. recession is wreaking havoc on yet another front: the Social ...
(more)
Social Security: There Is No Trust; There Is No Fund
freemoneyfinance.com - 4/3/2009
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freemoneyfinance.com —
The following is a guest post from Marotta
Asset Management . About half of retirees file for...
Social Security benefits early at age 62. By doing so, they receive only 75% of their full retirement benefits. And unless they die prematurely, they ...
(more)
Social Security 4: File, Repay and Refile to Get an ...
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The Mess That Greenspan Made —
TOP STORIES • White House questions viability of GM, Chrysler - AP • Stocks Fall Sharply in Asia and Europe - NY Times • GM Chief to Resign at White House's Behest - Wash. Post • IMF gold sales expected to be on G20 agenda - Mineweb • The Steadfast Optimist Who Oversaw G.M.’s Long Decline - NY Times • The Jewel Trade's Fading Luster - Wash. Post • Rising Powers Challenge U.S. on Role in I.M.F. - NY Times • U.S. Lays Down Terms for Auto Bailout - NY Times MARKETS/INVESTING • Stocks Fall on Concern GM, Chrysler May Fail - Bloomberg • Hard times mean new opportunities ...
Bestest Day of the Year: SSRR Day
Angry Bear —
... which is just a rehash of a piece by Kevin Hassett of AEI for Bloomberg yesterday Recession Bites Into Social Security’s Surplus. What they are doing is using a special definition of 'surplus'. When Social Security surpluses are reported for Unified Budget purposes they include both any cash surplus from taxation plus interest earned on the Trust Fund. That is why people say Social Security was running $200 billion a year surpluses over the last few years. Hassett here is just using cash surpluses and moreover ignoring the fact that almost all the damage is a ...
New Tactics in an Old War: Vanishing the Social Security Surplus
Angry Bear —
... A new front was opened Monday in the war on Social Security. The first shot came from Kevin Hassett of AEI who wrote a piece for Bloomberg Recession Bites Into Social Security’s Surplus ...
World Economic Meltdown: Crisis for Social Insurance Solvency? Or opportunity to Kill It?
Angry Bear —
... do you do when people are hearing rumors that Social Security is fully funded until 2041 or 2049? Well you simply change the definition of what 'funded' and 'surplus' mean, and point out that using a particular version of a data set that February one-month numbers failed to meet your new test, imply that that will continue to be true forever and suggest that the only solution is to sign on in advance to a plan prepared by a bi-partisan group. Hence Hassett this week Recession Bites Into Social Security’s Surplus ...
Related Content
Social Security: Debating the Ostriches
cato-at-liberty.org 5/20/2009 — Over at Salon, Michael Lind takes me to task for raising the alarm about the latest Social Security Trustees report showing that a) Social Security’s insolvency date is growing closer, and b) the system’s unfunded liabilities have increased ...
Social Security Reform - Government Improvement Series
moneyning.com 6/19/2009 — Being the largest government program in the world and eating up as much as 23 percent of the federal budget, the Social Security is a system that most Americans either love or hate. If you are receiving benefits and depend on the checks that come through regularly, you appreciate what this ...
Social Security Reform and the Budget
voxbaby.blogspot.com 2/23/2009 — Brad DeLong levels some accurate criticism of the Administration's unwillingness to put Social Security reform in the budget. The crux of the matter is summarized in Jonathan Weisman's story in the Washington Post : Republican budget writers say they ...
Social Security crunch coming fast - MSN Money
articles.moneycentral.msn.com 8/17/2009 — By Bill Fleckenstein The debate over health care has captured everyone's attention, but it appears the next big government program that needs to be addressed will be Social Security. That's the focus of the July 30 article " The next great bailout: ...
So What’s a Year Worth?
alephblog.com 5/14/2009 — When I heard the announcement on Tuesday about Social Security and Medicare, I emoted something between a grin and a grimace, and said, “A pity that I have been right on this.” I’ve always felt that Social Security and Medicare have had optimistic economic assumptions. It ...
Looting Social Security
thenation.com 2/12/2009 — Governing elites in Washington and Wall Street have devised a fiendishly clever "grand bargain" they want President Obama to embrace in the name of "fiscal responsibility." The government, they argue, having spent billions on bailing out the banks, ...
CBO’s Long-Term Projections for Social Security: 2009 Update
cboblog.cbo.gov 8/9/2009 — Today, CBO released an update of its long-term Social Security projections . The projections are qualitatively similar to those in previous CBO reports: Social Security’s annual revenues currently exceed its annual outlays, but as the baby-boom ...
The Truth Behind the Social Security and Medicare Alarm Bells
robertreich.blogspot.com 5/13/2009 — What are we to make of yesterday's report from the trustees of the Social Security and Medicare trust funds that Social Security will run out of assets in 2037, four years sooner than previously forecast, and Medicare’s hospital fund will be exhausted ...
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