Trust Funds
Point of View: Perspectives on the Social Security Trust Fund
The rhetoric on Social Security’s looming solvency issue is free-flowing these days, and much of it deals with the program’s trust funds and their role in the overall benefit funding process. A post on shepherdexpress.com by William Holahan, emeritus professor…
CBO estimates a funding shortfall in 2032
The Congressional Budget Office (CBO) estimates federal spending on Social Security and Medicare will outpace the revenues and the economy overall. They quoted a variety of factors, including rising costs of medical services, large cost-of-living adjustments, and the last of…
Social Security’s Mythical Demise Continues to be a Concern for Many
We’ve discussed this point several times via posts on this website, but the concern that Social Security will not be around for future retirees just keeps coming up. The latest incarnation of this long-standing concern was highlighted in a post…
Social Security’s Problematic Trifecta
Let’s start with an understatement: the COVID-19 pandemic is wreaking havoc on the nation’s economy. The projections dealing with unemployment, corporate earnings, small business continuity, etc. are horrendous, both short-term and long-term. We see alerts every day telling us how…
More on the Myth of Social Security’s “Stolen” Funds
It’s an untruth that just won’t go away…that through the years, politicians have “raided” Social Security’s trust funds and redeployed workers’ deposited taxes for other purposes. As explained by The Motley Fool’s Sean Williams in a post on helenair.com, the use…
Understanding the Social Security Trust Funds
So much is written these days about Social Security’s long-term solvency problem, with this year being a landmark year in the relentless march toward the currently-projected 2034 depletion of Trust Fund reserves. 2018 is the first year in which the…
Birthrates at Historic Lows: What’s that mean for Social Security?
The Heritage Foundation’s Romina Boccia, in a post today on onenewsnow.com, suggests that the new 30-year low point on U.S. birthrates spells additional trouble for Social Security. As the economy awaits the soon-to-be released 2018 Social Security Trustees Report, Boccia and other…