The so called 'retirement age' is nominally thought to be 65 years old, but to get your full Social Security benefit the age is inching up each couple of months to 67 for those born in 1960 or later. And who knows where it will go from there?
For the second time in little over a year, the Obama Administration has made a pre-emptive offer to change the formula for adjusting Social Security's Cost of Living Adjustment formula as part of a "Grand Bargain." What is at stake?
The Republicans handed Obama a tactical victory when they agreed to extend the payroll tax cut on Obama's terms. But maybe it's Democrats who've set themselves a trap. What if the president's partisan victory is actually hollow?
Senator Rubio's recent speech on Social Security was political fun and games. If we take it as serious analysis and policy prescription, millions of Americans and the economy would pay a terrible price.
The media continues to ignore the fact that Social Security does not and, indeed, cannot add to the federal deficit: It is permitted to pay benefits only to the extent it has funds on hand and is prohibited from borrowing.