Social Security

Mike the Mad Biologist

Category archives for Social Security

I’ve been remiss in my Robert Samuelson (no relation to the economist who shared the same last name) stupidity watch–the Tea Party Fort Sumter people really bring the crazy. But the idiot who inspired me to create the Samuelson unit is still fighting his long, glorious war against the elderly and the sick: …Samuelson tells…

A while ago, I discussed how the battle over credit and debit fees is really a battle over how much money should cost and whom you’re paying that cost to: corporations or government. Well, the corporate takeover of the monetary base continues unabated, this time affecting Social Security. You see, in the name of efficiency,…

So GOP Senator Orrin Hatch has decided to embrace his inner douchebag: “I hear how they’re so caring for the poor and so forth,” Hatch said in remarks on the Senate floor Wednesday, in reference to Democrats. “The poor need jobs! And they also need to share some of the responsibility.” …But it was Hatch…

Besides, we got Bernie Sanders: Nothing you haven’t heard around these parts, but it’s a nice summary. Rock on, Bernie.

The projections used by the Social Security Administration to determine when it will become ‘insolvent’ are notoriously pessimistic, in that they have been estimating that Social Security will be DOOOMED! in 28-38 years going on nearly twenty years. Like Zeno’s spear, we never seem to hit that wall. Well, it’s spread to Medicare (like E.…

The economic malpractice by the Obama administration is shameful. A while ago, I argued that one of the few moves that Obama could make politically to jump start the economy would be a temporary elimination of the payroll tax for workers. This could increase consumer demand (although not nearly as much as a jobs program…

I’ll get to creationism in a bit, but first… Last week, Yves Smith started a wee lil’ ruckus among progressives with a post titled “Bribes Work: How Peterson, the Enemy of Social Security, Bought the Roosevelt Name.” In that post, she argued: Bribes work. AT&T gave money to GLAAD, and now the gay rights organization…

Given the disastrous presidency of Little Lord Pontchartrain, it’s understandable why so many people look back fondly on Bill Clinton’s two terms. But it’s worth remembering that, in many ways, he really was Republican-lite–and he was proud of it. Dean Baker reminds us (italics mine): In an article reporting on how the Republicans are backing…

So Ezra Klein, along with many other progressives, has been offering alternatives to the Republican call for the slash-and-burn of Social Security. But what’s annoying about all of this is that the prediction that Social Security revenues plus the accumulated U.S. securities (yes, the U.S. government, not China, is far and away the world’s largest…

Jon Walker argues that worrying about how to keep Social Security ‘solvent’ for 75 years is silly. After all, predicting the future 75 years out is difficult. Something like this might happen: Epidemics caused by drug-resistant bacteria in 2020 could kill a disproportionally large number of seniors. Or: By around 2060, the exponential growth in…