Tag Archives: Social Security

Class warfare

Republicans put their heads together and decided the biggest problem facing America is … … Drumroll please … Rich people don’t have enough money!: The [the House Republican budget] plan would condemn millions to the ranks of the uninsured, raise health costs for seniors and renege on the obligation to keep poor children fed. It […]

Why the rich have all the money and pay lower taxes than ever

From Robert Reich: The American economy is more than twice as large now as it was thirty years ago. So where did the money go? To the top. The richest 1 percent’s share of national has doubled – from around 9 percent in 1977 to over 20 percent now. The richest one-tenth of 1 percent’s […]

The boning, Pt. 2

The Washington Post (via John Cole): The 401(k) generation is beginning to retire, and it isn’t a pretty sight. The retirement savings plans that many baby boomers thought would see them through old age are falling short in many cases. The median household headed by a person aged 60 to 62 with a 401(k) account […]

Budget debate = sham

Paul Krugman: The whole budget debate, then, is a sham. House Republicans, in particular, are literally stealing food from the mouths of babes — nutritional aid to pregnant women and very young children is one of the items on their cutting block — so they can pose, falsely, as deficit hawks. What would a serious […]

You must sacrifice for your betters

Last week the war to cripple Social Security began in earnest. The initial attacks are working in concert. First up, billionaire Wall Street banker and Nixon appointee Pete Peterson riles up fear over government debt with a gigantic new ad campaign: Then, miraculously, the White House has a solution for your fears! Behold the recommendations of […]

Social Security: The Truth (video)

An excellent debunking of common myths about Social Security:

Our zombie economy and the death of Social Security

The United States is currently drowning under the weight of 9.3% unemployment. Millions who could work are out of work, and there are many more underemployed – stuck in jobs they are overqualified for – and earning far less than they should. With people unemployed or earning less, demand for goods and services is naturally […]

You wont be retiring

Growing up I thought I understood the strategy of retirement. I couldn’t count on Social Security benefits getting me through my golden years. So, once I entered the workforce I would need to invest a significant percentage of my income in stocks and bonds through a 401(k) or other kind of tax shelter. Well, Time magazine […]

Why health care is the biggest fiscal problem we face

Oh no! A PowerPoint! If this data is true – and it seems to fit in with what I’ve read over the last few years – then we simply can’t afford our health care system the way it’s currently structured. Next to health care, Social Security is sailing in smooth waters.