Tag: "Social Security"

Social Security Trust Fund
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SSA: Say What?

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Who’s zooming whom?

The Paramount Issue of 2012
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The Paramount Issue of 2012

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Spending and taxes will be center stage in the 2012 presidential election, but at the heart of those pivotal issues is one that is paramount in terms of America’s future: cascading mandatory spending on entitlements such as Medicare and Social Security. Erskine Bowles, co-chair of President Obama’s bipartisan reduction commission, the one he ignored, recently described the […]

America’s Gerontocracy
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America’s Gerontocracy

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One fact that has become increasingly evident in the Great Recession’s wake is the disproportionate influence exerted upon economic policy by those aged 65 years or older. This group is far more economically secure than most other Americans — according to a recent Pew Research Center study, the gap between the average net worth of those […]

Swindling America's Youth
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Swindling America’s Youth

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We older Americans have saddled our youth with a mind-boggling public debt—over $20 trillion already spent ($14.3 trillion of “official” national debt plus various off-budget expenditures, according to the U.S. Treasury); trillions more of projected deficit-spending over the coming decade; and tens of trillions of dollars of unfunded liabilities. By the time today’s toddlers can […]