Category Archives: Social Security

2009 Predictions

Here’s are some thoughts about what the new year may hold – some seem pretty obvious, others are educated guesswork – while many are positive, some are not. In Illinois: – Soon-to-be former Governor Rod Blagojevich will be impeached. – Soon-to-be Governor Pat Quinn will get ethics legislation through the General Assembly early that will […]

Happy Birthday Social Security!

One of the best programs we’ve ever had for increasing American prosperity and decreasing poverty.

New Study Shows Wealth Gains Over Last Two Decades Lost In Housing Bubble

[Hat tip Doug May] The Center for Economic and Policy Research (CEPR) study by Dean Baker and David Rosnick, “The Impact of the Housing Crash on Family Wealth.” shows that over the last two decades (from 1989 to the projected 2009) median wealth for people age 35 – 54 was flat or declining assuming another […]

Jim Oberweis And Social (In)Security

In 2002, Senate candidate Jim Oberweis told the Daily Herald that his investment experience led him to support investing up to half of workers’ Social Security taxes in the market. Oberweis said he supported this because of “the lesson of Enron,” the energy company that defrauded investors and employees and ended up bankrupt, was to […]

Josh Marshall On Social Security Policy

This may be the most cogent description of the situation I’ve read. It also may be the best reason not to raise the cap on Social Security taxation that I’ve read, as much as I dislike its regressive nature.

Democratic Unity In DuPage Part 2 – On The Issues

For many this may be a ‘no-brainer’ but I think it good to start things off by assuming little. What’s the case for supporting a Democratic Congressional Candidate that wasn’t your choice in the primary? First, the basics. Any of the three Democratic candidates, Tammy Duckworth in the 6th, Joe Shannon in the 13th and […]

Matthew Yglesias On The Democrat’s Social Security Victory

Matthew Yglesias On Social Security: “Twelve months ago, many read the polls indicating that ‘private accounts’ were popular, and advised the opposition [Democrats] to get on the bus. This strategy was rightly rejected. Democrats instead chose to bet on the fact that if people understood what privatization would entail, they would reject it. And the […]

More Than 1 in 5 Social Security Recipients Live On It Alone

From USA Today: “When Social Security was launched 70 years ago Sunday, it was meant to be a supplement for retirees, not a full pension. But today, 10.6 million people, or 22% of the 48 million who will receive Social Security benefits this year, live on that check alone, the Social Security Administration says.”

Floyd Norris On Greenspan’s Legacy Of Insecurity

New York Times columnist Floyd Norris is one of my favorite business writers because of his insight and ability to describe business complexities – and why they matter. While not his absolute best, yesterday’s article “Greenspan Era Taught People to Gamble” nonetheless is well worth reading. Greenspan took his fascination with Ayn Rand and libertarian […]

Democracy For America Endorses Iraq War Veteran Paul Hackett For Ohio’s Special 2nd Congressional District Election

Jim Dean, Chair of Democracy For America (DFA), sent out an email today asking DFA-ers to support Democrat Paul Hacket in a special election being held August 2nd for Congressman Rob Portman’s vacated seat in Ohio’s 2nd Congressional District (President George Bush recently appointed Portman to serve as United States Trade Representative). Hacket, a lawyer […]