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Category Archives: Social Security
Social Security and Medicare: outlook worsens by the day
AP – Social Security and Medicare finances worsen: The Congressional Budget Office recently projected that Social Security will collect just $3 billion more in 2010 than it will pay out in benefits. A year ago, the CBO had projected that … Continue reading
Posted in Health Care, Social Security
2 Comments
Wharton prof: Real fiscal crisis is yet to come
Knowledge @ Wharton – A Thought for Tax Day: The Real Fiscal Crisis Is Yet to Come: Knowledge@Wharton: Do we have to dig ourselves out of the national debt before we can address Social Security or Medicare? Smetters: No. In … Continue reading
Retiree dependency ratio by country
Financial Times – The red ink of a greyer future: Once the recession passes, countries will need to work on closing their gaping fiscal deficits without triggering further collapses in output. They will also need to service bloated national debts. … Continue reading
Posted in Population, Social Security
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Social Security going broke ahead of schedule
The Heritage Foundation – Sayonara Social Security Surpluses: Darren Gersh finds that due to slower projected payroll tax receipts combined with higher payments for early retirements and cost of living adjustments, “the era of large Social Security surpluses is over.” … Continue reading
Posted in Social Security
8 Comments
Madoff was an amateur in comparison
Cartoon: where did Madoff get the idea to pay early investors with the money from later investors?
Posted in Social Security
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Britain’s public pension problems
MoneyWeek – Britain’s widening pensions gap: “We have got to end the apartheid,” said Conservative leader David Cameron last week as he highlighted the huge gulf between public and private-sector pensions. Quite so, says The?Daily Telegraph’s Paul Farrow: “the pension … Continue reading
Posted in Economics, Social Security
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State pension funds heading for insolvency
Analyst: State of New Jersey Is Insolvent. And most state pension funds and therefore states will be insolvent if something doesn’t change. The analyst’s recommendations: States have to dramatically raise taxes to pay for unrealistic promises A voluntary reduction in … Continue reading
Posted in Economics, Social Security
1 Comment
U.S. Credit Rating Threatened by Medicare, SS, Debt Liabilities
Posted in Health Care, Social Security
11 Comments
Accounting For Future Healthcare Liabilities
Posted in Health Care, Social Security
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