Social Security

‘Line’ Items: Goals Edition

Clutch Goals -- The U.S. Women’s Soccer team scored an improbable victory over Brazil on Sunday in the Women’s World Cup, overcoming a scoring and manpower deficit with a last-minute goal and sealing the victory through penalty kicks. A similar storyline is playing out in Washington involving a different deficit -- the federal budget deficit. It looks as if negotiations to raise the statutory debt limit and reduce the deficit will also come down to the wire.

The Facts on the Chained CPI

Coverage of the so-called "chained CPI" has been heating up recently, due to rumors that it might be included in the latest round of debt negotiations.

Health Care Versus Aging

As we explained in our recent analysis of CBO's Long-Term Budget Outlook, the debt is on an unsustainable path. Only a decade from now, under their Alternative Fiscal Scenario, debt will surpass 100 percent of GDP. And by 2037, it will exceed 200 percent.

Driving this is the increasing cost of entitlement spending -- Social Security, Medicare, Medicaid and (to a lesser extent) other health spending. But what drives the growth of these programs?

‘Line’ Items: Golf Edition

Time ‘Fore’ Action – Golf, that favorite pastime of power players, was even more popular than usual in Washington last week. Not only did the U.S. Open bring the best professional golfers in the world to the D.C. area, but a powerful foursome also hit the links, perhaps linking fiscal policy matters to their conversation as they played their round. Yet, while the Congressional Country Club in Bethesda, Maryland saw a dominating U.S.

The Wall Street Journal's Social Security Tool

It seems that interactive tools are definitely in vogue. We'd like to say we started the trend with the Stabilize the Debt simulator, and we have continued it with the fiscal plan Comparison Tool we released yesterday.

Sen. Hutchison Unveils Social Security Plan

Sen. Kay Bailey Hutchison unveiled her Social Security reform plan today, and conveniently, it already has its own score from the Office of the Chief Actuary (OACT) at the Social Security Administration.

Between the ‘Line’s: Speeches, Meetings, Anniversaries, and Letters Galore

Pawlenty of Ideas – GOP presidential candidate Tim Pawlenty gave a speech in Chicago on Tuesday where he laid out his fiscal and economic policy agenda. Among his proposals are reforming the tax code by eliminating many tax breaks (see our ideas for tax expenditures) while reducing tax rates. He also called for a balanced budget amendment to the U.S.

It Depends on What You Mean by 'Almost as Large'

It seems like we are having Social Security deja vu. Just a couple weeks ago, we basically repeated our response from last September to those who criticize raising the retirement age.

Trustees Report Strengthens Case for Retirement Age Increase

Last week, several bloggers, commentators, and columnists went after Al Simpson for talking about increases in life expectancy at birth (since this measure is affected by child mortality rates), arguing instead that the better measure is life expectancy

‘Line’ Items: Playoffs Edition

Crunch Time – The playoffs are well underway in the NBA and NHL. A playoff atmosphere is also brewing in Washington even though the home teams are not in the picture. A debt limit deadline and several teams competing for debt reduction glory are creating an air of anticipation and trepidation. Who will go home and who will go all the way?

Syndicate content