Social Security Trust Fund

Social Security Trust Fund Exhaustion: A Moving Target

Jared Bernstein | Posted 04.24.2012

Jared Bernstein

When the trustees of the Social Security and Medicare programs release their annual reports, one of the first thing folks look for is whether the life of the trust funds that finance these retirement security programs have been extended or reduced. Well, the reports came out on Monday, and the key takeaway from where I sit is that these remain critically important programs whose future can and should be ensured by policy actions designed to enable both programs to continue to provide retirement security for generations to come. As with so much else in our fiscal and economic landscape these days, the best thing to do in the near term is everything we can to get the recession behind us and get back on a stronger growth path.

Preserving Social Security

Sen. Tom Harkin | Posted 04.23.2012

Sen. Tom Harkin

Social Security is the most successful program in our nation's history. It is not in crisis. With sensible steps, like those in my legislation, we can make the program stronger and ensure greater financial security in retirement for generations to come.

Mitt Romney's Anti-Social Stance on Social Security

Cliff Schecter | Posted 04.16.2012

Cliff Schecter

Mitt Romney, tribune of the people, still doesn't seem to get a simple concept: Social Security is popular. With everybody. And particularly with olde...

Gutting Social Security Would Devastate Blacks and Hispanics

Earl Ofari Hutchinson | Posted 11.20.2011

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.

Senator Rubio's Fact-Phobic Social Security Speech

Merton Bernstein | Posted 11.06.2011

Merton Bernstein

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.

Debt Madness Was Always About Killing Social Security

Robert Scheer | Posted 09.25.2011

Robert Scheer

What should have been an uneventful moment in which lawmakers make good on the nation's contractual obligations has instead been seized upon by Republican hypocrites to settle ideological scores.

Debt Roulette

Michael Brenner | Posted 09.13.2011

Michael Brenner

The grim truth at the center of the debt ceiling and budget debate is that American wage earners have been played for fools and now are about to be victimized yet again -- by President Obama, by Congress, by our political class, by the media, by Washington's policy intellectuals who all have observed omertá about the coming cuts. This is a harsh judgment. But it is one that conforms to our sad reality. The game of debt roulette going on in the Capitol not only plays fast and loose with the solvency of the United States; it also has coerced the country into silent acquiescence in the rollback of the greatest accomplishments of the 20th century.

Arthur Delaney

AARP Willing To Negotiate On Social Security Retirement Age

HuffingtonPost.com | Arthur Delaney | Posted 08.17.2011

WASHINGTON -- The nation's leading advocate for senior citizens says that it hasn't wavered in its opposition to cutting Social Security benefits, tho...

3 Things Everyone Knows About Social Security That Aren't True

Eric Schurenberg | Posted 07.19.2011

Eric Schurenberg

Now, there are good reasons to be angry about how Congress has handled Social Security. But the popular narrative about the raid on the trust fund isn't one of them. Because the story isn't quite true.

Republicans' Next Attack on the Middle Class: Pay Wall Street First if Debt Ceiling Not Raised

Paul Abrams | Posted 05.25.2011

Paul Abrams

What would be the value of holding U.S. government obligations with Toomey playing Russian roulette with the economy? His proposal is not only mean-spirited, it is also unworkable.

A Comedy of Errors

Heidi Hartmann | Posted 05.25.2011

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.

The New Payroll Tax Holiday Has Kicked In -- Did You Notice?

Reid Cramer | Posted 05.25.2011

Reid Cramer

By this point in the year, almost everybody with a job has gotten a paycheck. Did you notice the latest tax cut brought to you by President Obama?

Can We Please Stop Talking About the Social Security Trust Fund?

Eric Schurenberg | Posted 05.25.2011

Eric Schurenberg

Nothing get clicks from seniors like a scary story about Social Security, and the Associate Press supplied a real granny-grabber last week.

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

Gara LaMarche | Posted 05.25.2011

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.

Veterans Advocates Reject Debt Commission's You're On Your Own Economics

Christine Pelosi | Posted 05.25.2011

Christine Pelosi

At a time when we strive to honor generations of service, the Debt Commissions comes out with draconian cuts that will have drastic consequences for veterans and military families. They must be stopped.

A Look at the Military Budget Through Social Security Eyes

Dave Johnson | Posted 05.25.2011

Dave Johnson

Unlike Social Security, the military budget has never generated revenue to pay for itself. We just pay it out of our taxes.

Will Social Security Be There for Today's Young Workers?

Mark Miller | Posted 05.25.2011

Mark Miller

Social Security isn't going bankrupt -- far from it. The system was intended -- and has always been -- a pay-as-you-go system, with taxes collected from workers used to pay current retirees.

Cold Case File: Who Shot Down a 70-Year-Old Attack on Social Security?

Richard (RJ) Eskow | Posted 05.25.2011

Richard (RJ) Eskow

How did we reach such a state of confusion about the solvency of Social Security? Actuaries deal in probabilities and statistics. What were the odds we'd be so confused in 2010?

Social Security Turns 75, Starts Cadging From the Kids

Eric Schurenberg | Posted 05.25.2011

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 Looming Battle Over Social Security

David Coates | Posted 05.25.2011

David Coates

Social Security as we know it will need to be actively defended in the months ahead by those of us who deny the validity of the conservative claims. The question will be how?

The Myth of the Social Security Crisis

Jonathan Weiler | Posted 05.25.2011

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.

The Trust Fund and the Baby Boom

Joe Minarik | Posted 05.25.2011

Joe Minarik

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

Don't Panic! Social Security will be there for you.

Ashley B. Carson | Posted 05.25.2011

Ashley B. Carson

This week the New York Times decided to scare the bejeezus out of everyone by publishing several articles with slanted statements about Social Securit...

No Diet COLA for Seniors -- Fight the Freeze and Save Social Security

Marcy Winograd | Posted 05.25.2011

Marcy Winograd

If we accept the 2010 COLA freeze, if seniors fail to grab their bullhorns, then we may be looking at another freeze in 2012, 2013 and beyond, while the Right continues to hammer away at the big lie -- that we cannot afford Social Security.

Social Security: The Red Ink Starts Next Year

Eric Schurenberg | Posted 05.25.2011

Eric Schurenberg

In case there was any doubt that Social Security won't be able to keep the promises it's making to anyone younger than, say, 55, the CBO now projects that Social Security will start operating at a deficit next year.