Posts Tagged ‘social security’

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    Social Insecurity: Part 3

    Aug 15, 10 • 164 Views • GovernmentNo Comments

    Do you prefer adjusting COLAs or the full retirement age (FRA) to ensure the survival of the U.S. Social Security program? To decide, you might want to know how different solutions will affect high and low income earners.   One way to solve

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    Social Insecurity: Part 2

    Aug 4, 10 • 159 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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    The Young Old

    May 15, 10 • 157 Views • Government, RegulationNo Comments

    Having read that Greek fiscal austerity involves raising their average retirement age from 53 to 67 and that their life expectancy is 79.5 years, I thought of the Social Security Act of 1935 and then 2035. When Social Security was enacted in 1935, 5.4%

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    Deficits and the Tragedy of the Commons

    May 7, 10 • 160 Views • Environment, GovernmentNo Comments

    Pondering Greece, I wondered about the individual and the state.  Sometimes what is good for one person is bad for all.  That took me to a graphic of the federal budget in 2020 in which entitlements, which are good for individuals, are dominant. The

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    Social Insecurity

    Apr 3, 10 • 173 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