James Pethokoukis

Uh, yeah, Social Security does have a problem

January 28, 2011

And it is expertly outlined by IBD’s Jed Graham at the Capital Hill blog:

But the Congressional Budget Office forecast released a day later shows that the coming crisis has drawn one year closer — to 2017.

Waste, fraud and abuse at Social Security

March 30, 2010

The super-insightful Andrew Biggs looks how the Crist-Rubio debate dealt with Social Security — and finds laughable the former’s comments about restoring the system’s long-term solvency by rooting out waste, fraud and abuse:

A Wall Street conspiracy to kill Social Security?

March 26, 2010

Finally, a Wall Street conspiracy theory without Goldman Sachs at its heart. This one posits that bond rater Moody’s wants to ding the U.S. credit rating so panicky politicos will privatize Social Security. That would sent big bucks to the firm’s big bank clients. If only it were true.

America’s banana republic economy

October 20, 2009

Is the decline in the dollar merely a “return to normalcy” story, as many bulls contend, and not a harbinger of a coming currency crisis?

Stealing from Social Security to pay for healthcare reform

October 20, 2009

Does BaucusCare raid Social Security to pay for healthcare reform? Sure seems like, according to Andrew Biggs of AEI:

That $250 check for seniors is a bad idea

October 15, 2009

The liberal Center on Budget and Policy Priorities comes out against that $250 payment to seniors:

Social Security may be in worse trouble than we think

September 22, 2009

Over at Hot Air, Ed Morrissey has gotten hold of an internal CBO report distributed to Congress that  predicts Social Security will start running a cash deficit next year as opposed to 2019. And even that, apparently , is based on some pretty rosy revenue projections.  Indeed, over the span of  2017, 2018, 2019, SS will run a $126 billion deficit, according to the CBO. Gee, and you wonder why the Chinese are getting skittish about the dollar?

Taming the bond market vigilantes

June 3, 2009

Whatever the politics, fixing Social Security is easy conceptually.  And if Team Obama is starting to get a bit anxious about an adverse reaction from the bond market to its fiscal policies, why not offer a fix as evidence of its seriousness about America’s entitlement woes? Here is Ed Yardeni on this very topic: