For reasons I’ll get to in a moment, I was really struck by the title of this excellent, important new paper by my CBPP colleague Kathleen Romig: Increasing Payroll Taxes Would Strengthen Social Security. It is well understood that Social Security’s financing needs shoring up; we’ve been drawing down the trust funds to meet current obligations… Read more
Far be it from me to hone in on my frequent co-author Dean Baker’s takedown of a recent Robert Samuelson column, wherein Samuelson once again bemoans the extent to which “an older population” is “systematically” strangling the rest of the federal budget. Dean’s main point is one I often make: to fix these social insurance… Read more
This is why we all need to read Dean Baker’s Beat the Press column. This alarm bell–“the old are ripping off the young!”–goes off all too frequently. The answer is not, as such histrionics imply, to do less for the elderly, most of whom depend on Social Security and Medicare (Dean also makes the point… Read more
Over at the WaPo. The idea here is that because we are unlikely to acctually default on the federal gov’t’s obligations, I worry that some people are tuning out the debt ceiling debate. But there are good reasons not to do so. First, see the figure in the piece–even flirting with the debt limit distorts… Read more
Over at PostEverything. Far from the looming disaster some like to paint her, she’s going strong and with any of a number of fixes to close the solvency gap, will continue to provide retirement security to millions for as long as we chose to support her.