social security Archives - Fabius Maximus website

Cacophony about Social Security shows our real political dysfunctionality

By Larry Kummer, Editor / 1 Comment / 11 March 2013 30 September 2014

Summary: Here we have a wonderful example of the cacophony that takes the place of political debate in the New America, in this case about Social Security. It’s one of the simpler issues facing us: a moderately predictable and fully controllable stream of benefits vs. government revenue — mostly income taxes; some graduated (“income taxes”) …

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Update on our government’s deteriorating solvency

By Larry Kummer, Editor / 58 Comments / 1 October 2009 20 December 2009

Summary: Here are some ugly numbers for August from the Chief Actuary of the Social Security system. This is a follow-up to Beginning of the end of the Republic’s solvency. Soon come the first steps to a reformed regime – or a new regime. (14 August 2009). Contents Monthly cash flow in 2009 for the US Social Security Administration …

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Beginning of the end of the Republic’s solvency. Soon come the first steps to a reformed regime – or a new regime.

By Larry Kummer, Editor / 64 Comments / 14 August 2009 26 September 2017

Summary: Home truths about America’s health care system. It cannot long continue in its present form, and no substantial reforms appear likely until a crisis. At the end are links to other posts about this issue. . From a joint statement by the Social Security and Medicare Boards of Trustees, March 2009 The drawdown of …

Beginning of the end of the Republic’s solvency. Soon come the first steps to a reformed regime – or a new regime. Read More »