Posts Tagged ‘pay-as-you-go’

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    Social Insecurity: Part 2

    Aug 4, 10 • 101 Views • Government, Macroeconomic MeasurementNo Comments

    The average social security check received by a retired grandma is $1169. Multiply that by 35 million recipients, add to it other social security obligations, and this year, you have more money leaving than entering the social security “bank...

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    Social Insecurity

    Apr 3, 10 • 101 Views • Economic History, Government1 Comment

    Is there a “lock box” with surplus social security funds? Sort of.   In 1983,  when we had inadequate funding for the social security program, a commission led by Alan Greenspan suggested extra sources of revenue for a Social...