Latest News
Sayin’ it ain’t so won’t work
A Medicare trustees’ report earlier this month all but guarantees the current Congress will do nothing about the program’s pending insolvency. Issued at the same time, another trustee’s report spells the same fate for setting right the beleaguered Social Security…
Parker: Replace Social Security with personal retirement accounts
The annual Trustees Report for Social Security has just been issued and the news is that there is no news. Social Security is on its way over a fiscal cliff – just as we hear every year when the report…
Senate candidates missed the mark on some points
Much of Wednesday night’s debate between Republican Gabriel E. Gomez and Edward J. Markey pivoted on Markey’s voting record and what he has or has not done during his almost 37 years in Congress. Here’s a look at a few…
Social Security Isn’t a Basket Case
Social Security is O.K.. Yes, “O.K.” is hardly an exuberant term. Nevertheless, considering the apocalyptic language hurled at the social insurance program in recent years—Ponzi scheme, monstrous lie, imminent bankruptcy—it’s a reassuring judgment. Read more…
Statement of Robert Greenstein, President, on the 2013 Social Security Trustees’ Report
Social Security does not face an immediate crisis, the trustees’ report shows, but it does face a funding shortfall two decades from now that the President and Congress should address in the near future so the program can fully meet…
Trust funds are least of Social Security, Medicare problems
The annual trustees’ reports for Social Security and Medicare — the 2013 editions have just been released — are supposed to keep the public well informed about these popular programs. In reality, they do just the opposite: They confuse and mislead. Worse,…
Austerity Is Dead; Stop Pushing It, Drop the Chained CPI and Increase Social Security
Deficit projections have already by $200 billion for this year alone, so why do Republicans keep lunging for ever-more radical spending cuts like they were corn dogs at a barbecue? That’s more in deficit reduction than President Obama’s proposed cut…
Congressional budget analysts say Obama budget pares deficits by $1.1 trillion over decade
President Barack Obama’s budget would trim projected federal deficits by $1.1 trillion over the coming decade, using nearly $6 in higher revenues for every $1 in reduced spending to achieve it, Congress’ nonpartisan budget analyst said Friday. After four straight years…
TOP VETERANS’ ADVOCATE: Obama’s Budget Contains One Of The Most Galling Mistakes Of His Presidency
As a concession to Republican members of Congress who want to see meaningful entitlement reform, President Barack Obama included in his budget the so-called Chained CPI, a cumbersome economic fix that will lead to thousands of dollars lost to Social Security beneficiaries.…
Pew report shows decline in retirement security for most Americans
On Thursday, the Economic Mobility Project of the Pew Charitable Trusts released a new report documenting an important aspect of the growing social crisis in the United States. The study, titled “Retirement Security Across Generations: Are Americans Prepared for Their…