Posts Tagged ‘social security’

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    The Young Old

    May 15, 10 • 104 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 • 98 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 • 103 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...