In recent weeks, the increasingly powerful Saudi Crown Prince Mohammed bin Salman has jailed several potential opponents, announced that women would soon have the right to drive, and signaled plans for expanding the economy beyond its dependence on oil, including building a new $500 billion city. Although no one knows the prince’s motives, political scientists […]
As a new U.S. president takes office promising to restore the country to greatness, it’s a good time to examine the research on how nations can best pull themselves out of economic crises. Few have examined whether various recovery plans would help women and men equally. That’s not an abstract concern. You can’t have a […]
In the third presidential debate, moderator and Fox News anchor Chris Wallace asked the candidates whether they might pursue a “grand bargain” on Social Security — one that would include both revenue increases and benefit cuts. The Social Security Administration says that, with baby boomers retiring, the program is headed for a shortfall. Unless changes […]
There is no scenario where expanding social security is a good idea.
The post Obama Calls To Expand Social Security, and Won’t Just Go Play Golf For Some Reason appeared first on RedState.
So Alex Pollack poses an interesting hypothetical. “Would you take a guaranteed $0.77/$1.00 of your projected Social Security account in cash, today?” In other words, Sam’s Government sets up a barbershop and administers a 23% haircut in return for buying all the default risk that may or may not exist in the Social Security Program. Pollack suggested back in 2012 that a lot of people | Read More »
The post The Greek Bail-In and American Entitlement Programs. appeared first on RedState.
Republicans have been railing against big government for years, but for the past two decades they have all but ignored the growth of one of the nation’s biggest and costliest programs: Social Security Disability Insurance (SSDI). That may be changing. Congressional Republicans are making noises about fundamental reforms, voicing concerns that “malingerers” are swelling the […]
The Associated Press writes of four Social Security judges appearing before Congress to “face accusations they rubber-stamped claims for disability benefits, approving billions of dollars in payments from the cash-strapped program.” They approved over 90 percent of the cases they heard. One judge testified that he “heard thousands of cases and never had one overturned because the applicant was not disabled.” Another judge had a 99 percent | Read More »
The post The cost of government will get figured out on the back end appeared first on RedState.
President Obama is under fire from Republicans for backtracking on proposed Social Security and other benefit cuts in his upcoming budget proposal.
Some consumers won’t be able to finish their online health insurance applications this weekend because Social Security’s computer system will be undergoing heavy maintenance.
At present, federal “mandatory” programs, which include Medicare, Social Security and roughly 77 welfare program, account for 57% of the entire federal budget. Social Security is by far the largest federal expenditure, which is projected to cost $848 billion in 2014 and at least $11 trillion over the next 10 years. It is clear that we will never control spending and bend the trajectory of | Read More »