Maya MacGuineas has been predicting budgetary and Social Security doom for ages. Of course she has. What does she have to lose? If she’s right after having been wrong, she can claim that she was a seer all along. If MacGuineas remains wrong, she can simply go quiet. Since Washington, D.C. is dense with […]
Social Security Was Always Just An Extra Tax. That’s Why It’s Not “Broken” Read More »
Social Security is not going bankrupt, and by extension benefits won’t be cut. Not now, not in four years, not in forty. The irony in all of this is that existing and future retirees wouldn’t much care even if benefits were reduced. More on this in a bit, and why it’s better for U.S.
Even If Social Security Were Going Bankrupt (It’s Not), Retirees Wouldn’t Care Read More »
Experts too easily forget that “government spending” is a benign way of describing central planning of precious resources. Which means it fails repeatedly. Rich as the U.S. presently is, we’re a fraction as rich as we could be if the federal government weren’t such a size allocator of wealth not its own. It
Social Security, Medicaid and Medicare Protect Us From Much Worse Read More »
Social Security is no longer the Third Rail of politics. Which is perhaps too bad, though not for the reasons readers might imagine. For now, it’s worth celebrating what’s abundantly true: growing numbers of Americans aren’t much thinking about Social Security as they plan for the day they’ll retire, assuming they will. This can
Americans Grasped the Absurdity of Social Security, and Worked Around It Read More »
Social Security was a bad, big-government mistake. As argued in The Deficit Delusion, a much worse, much bigger big-government mistake would be to lower its annual cost by pushing the retirement age up to 70, 75, or name the higher number. Skeptical? Please read on. The Social Security hysterics claim the federal retirement program faces
Raising the Social Security Retirement Age Would Be a Big Government Mistake Read More »
Social Security is not going bankrupt, and that’s the problem. It means the politics don’t work for Republicans to pursue Social Security choice. As for the Democrats, what the Republicans can’t do sets the Democrats up to do, all in the name of choice. Since they’re still perceived as the Party of the working man, they
The Democrats Should ‘Rush to China’ On Social Security Read More »
It’s a wealth-losing shame of enormous proportions that Social Security will never go insolvent. It will cost the typical American millions in retirement wealth. Yes, the absurdity of the notion that Social Security faces insolvency in 2035 is incredibly harmful for all working Americans. That’s because the surest sign future Social Security payments are
Since the Rich Are Overtaxed, Americans Won’t Get to Escape Social Security Read More »
Let’s start with the obvious, now and in the future Social Security payments aren’t remotely imperiled. It’s said here over and over again, but rates saying once again, that the surest sign that present and future Social Security payments (including COLA increases) are safe and sound is the certain lack of a “lockbox” or
Social Security’s Faux ‘Insolvency’ Is a Limited Government Feature Read More »
Social Security is not going insolvent. Not now, and not in ten years. Write it down and do so confidently. The surest sign insolvency in no way looms in Social Security’s present or future can be found in the certainty that there’s no “lock box” and there never was one. The paradoxical truth is
Not Now, Not In 10 Years, Social Security Isn’t Going Insolvent Read More »
It’s a popular lament on the right that Montgomery (Maryland) and Fairfax (Virginia) are the two richest U.S. counties in an income sense. Each abuts Washington, D.C. Get it? The above question isn’t meant to demean correct frustration with the size of government, but it is meant to show the limits of high, frequently
W-2 Earnings and Cash Are Far From the Path to Retirement Wealth Read More »
