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Social Security Crisis

The President's Social Security Plan Is a Really, Really Bad Idea

Bob Cesca | Posted 06.11.2013 | Politics
Bob Cesca

Yesterday, the president released his 2014 budget and proposed the truly stupid idea of linking Social Security cost-of-living-adjustments to something called "chained CPI." Not only is the idea a punitive one for seniors, but the president is also fueling a series of inside-D.C. myths.

5 Ideas For Fixing Social Security

U.S. News And World Report | Emily Brandon | Posted 02.18.2013 | Fifty

The Social Security trust fund is expected to be exhausted in 2033. After that, there will be enough tax revenue coming in to pay out about three quar...

Ryan Grim

AARP Pushes Back On Critics | Ryan Grim | Posted 03.31.2012 | Politics

WASHINGTON -- AARP, the most powerful lobby for senior citizens, is committed to keeping Social Security out of any deficit debate going on in Washing...

Gutting Social Security Would Devastate Blacks and Hispanics

Earl Ofari Hutchinson | Posted 11.20.2011 | Politics
Earl Ofari Hutchinson

Any tweak, reduction, or downsize of Social Security would virtually guarantee that the economic pain to blacks and Hispanics would be unimaginable.

The Social Security Conundrum Explained

Paul Heroux | Posted 10.22.2011 | Politics
Paul Heroux

But how can drastic action be necessary when the Social Security trust fund reportedly has over $2.4 trillion in it at present? This is a misleading sleight-of-hand. Here is how.

Alex Becker

AARP Slammed For Giving Ground On Social Security | Alex Becker | Posted 08.17.2011 | Politics

WASHINGTON -- Social Security advocates are furious with AARP for signaling it might support reducing benefits as part of a deal to maintain the solve...

A Comedy of Errors

Heidi Hartmann | Posted 05.25.2011 | Politics
Heidi Hartmann

Jay Leno's recent comments echo a common theme in the mainstream media's coverage of Social Security: Social Security is in crisis. It's time for this false assertion to be challenged.

It's Time to Protect and Strengthen Social Security, Not Undermine It

Gara LaMarche | Posted 05.25.2011 | Politics
Gara LaMarche

Widespread claims that Social Security can't pay its bills, or that the trust fund will be depleted by the time today's children are ready to collect their benefits, are false. To the contrary, it's one of the most successful social programs of all time.

How Democrats Can Win Back Seniors

Barbara J. Easterling | Posted 05.25.2011 | Politics
Barbara J. Easterling

It is up to the Democratic Party -- the party that brought us Social Security and Medicare -- to do better, to stand proudly and confidently behind a broad, positive agenda that is good for Americans of all ages.

A Collegial Question for Peter Orszag (and Alan Simpson, and Alice Rivlin, and... )

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

I'd like to pose this question to everyone who has proposed cutting Social Security benefits: Why are you against this simple, clean, and popular idea? It's a sincere question. I'd really like to know.

Amanda Terkel

Charlie Crist's Social Security Solution: Comprehensive Immigration Reform | Amanda Terkel | Posted 05.25.2011 | Politics

Florida Gov. Charlie Crist, who is running as an independent for the state's U.S. Senate seat, is arguing that one of the nation's toughest problems ...

Laura Bassett

U.S. Retirement Deficit Reaches $6.6 Trillion: 'God Help the Poor Gen Xers' | Laura Bassett | Posted 05.25.2011 | Business

America's retirement crisis has reached epic proportions, according to a recent study by Boston College's Center for Retirement Research. The study e...

Social Security Turns 75, Starts Cadging From the Kids

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

Unless taxes rise or benefits fall, the system will operate at a deficit this year and next, return to a surplus through 2014, then sink back below the surface in 2015 and never come up.

The Myth of the Social Security Crisis

Jonathan Weiler | Posted 05.25.2011 | Politics
Jonathan Weiler

Any sane cost-benefit analysis shows that Social Security has been a remarkable success. There is no reason to doubt that it can continue to perform that function decades into the future.

Lessons from FDR: When the Right Cries Wolf, Bite Back

Peter Dreier | Posted 05.25.2011 | Politics
Peter Dreier

The fight over Social Security isn't really about old-age insurance; rather, it is a place-holder for broader concerns. The fight is about what kind of country we want to be and what values we consider most important.

What You Didn't Know About Social Security but Were Afraid to Ask

Saul Friedman | Posted 05.25.2011 | Politics
Saul Friedman

Social Security is about to celebrate its 75th year, and still too many people don't know much about it. It has lasted through wars and recession, yet the reasons for its abiding strength are not universally understood.

Social Security 'Under Greater Threat Now Than Under President Bush'

Christian Science Monitor | David R. Francis | Posted 05.25.2011 | Politics

The Social Security system today faces a threat greater than the drive for partial privatization by George W. Bush....

The Trust Fund and the Baby Boom

Joe Minarik | Posted 05.25.2011 | Business
Joe Minarik

Recently, I suggested a legislative deal in which repair of Social Security's finances would motivate Congress to enact economic stimulus.

Bank on Yourself for a Retirement Plan You Can Predict and Count on

Pamela Yellen | Posted 11.17.2011 | Healthy Living
Pamela Yellen

The idea of having a comfortable, worry-free retirement has become a distant dream for many boomers. It's become increasingly clear that conventional financial and retirement planning methods aren't working.

Has Obama Created A Social Security 'Death Panel'?

Nieman Watchdog | Nancy Altman and Eric Kingson | Posted 05.25.2011 | Politics

President Obama and the leadership in Congress have delegated enormous, unaccountable authority to 18 unrepresentative, inordinately wealthy individua...

Vanishing Social Security COLA Adjustment Will Squeeze Some Seniors

Mark Miller | Posted 05.25.2011 | Business
Mark Miller

The vanishing COLA will squeeze many retirees hard. Social Security provides, on average, about 39 percent of income for retired households and more than 50 million people receive benefits.

A Terrible Day for the Economy, But a Great Day to Note the Social Security Noncrisis

Harold Pollack | Posted 05.25.2011 | Business
Harold Pollack

Whatever you may hear, the system is in remarkably good shape these days, even as everything else seems headed to hell in a hand basket. Today is a great day to remember how terrific Social Security really is.

John McCain Supports Private Accounts For Social Security

Think Progress | Posted 05.25.2011 | Politics

On Bill Bennett's radio show yesterday, former Hewlett-Packard CEO Carly Fiorina -- who is currently a leading economic adviser to Sen. John McCain (R...

Don't be Distracted. Vote For Your Pocket Like the Fat Cats Do

R.T. Eby | Posted 05.25.2011 | Home
R.T. Eby

Ronald Reagan took aim at so-called welfare queens as a way to make the wealthy more wealthy. He gutted social security and social programs. Variations of his bait and switch have been going on ever since.

NYT's Krugman Blasts Obama Again Over Social Security "Crisis-Mongering"

The New York Times | Paul Krugman | Posted 05.25.2011 | Politics

The great Social Security debate of 2005 was a seminal moment for American progressives. Conventional fiscal wisdom in the Beltway was that the aging ...