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My Turn: Social Security needs 'common sense' update

...recent government reports predict that the Social Security Trust Fund could run out of money by 2033. If that their fair share toward strengthening the Social Security Trust Fund.In addition to the RAISE Act, I'm continuing...
House takes on ANWR debate

...oil, nuclear and other energy industries. The revenue drain could force Congress to dip into Medicare or Social Security trust funds, Democrats charged, although the bill's GOP supporters disagreed. Debate on the 510-page bill, the first...
The wrong scoreboard

...minimize, is in fact much larger than that liability. It doesn't much matter if the government lightly taps the Social Security trust fund this year to cover current costs. But over time, if not reversed, this tax cut strips the government of the...
Outside editorial: The myth of the Social Security trust fund

...been tapping this revenue stream for years, while handing out IOUs - "special issue" Treasury bonds - to the Social Security Trust Fund. A lot of people speak of those IOUs as if they can be pulled out and exchanged for money to pay for benefit...
Juneau Empire Story Archive

...Social Security funds only draw 2 percent interest, a falsehood much favored by the privatization people. The Social Security ``Trust Fund'' seems to draw that lousy interest because much of it isn't invested at all, but is instead paid out...
Juneau Empire Story Archive

...Bush's proposed tax cuts, which would eliminate the ability to pay the government IOU's that are in the Social Security Trust Fund, and you can see why this ``exciting and adventurous'' reform plan, like many other seductive scenarios...
My Turn: Solve the health crisis before worrying about Social Security

...Social Security is in crisis and will be bankrupt by 2042, and his solution is to take income away from the Social Security trust fund and put it into private retirement accounts. Let me get this straight. To solve the crisis so Social Security...
Endless economic growth is its own Ponzi scheme economy that would follow. So they might be excused for not predicting its long-term impact on the Social Security Trust Fund. But that we've been irresponsibly ignoring the baby boomer effect since then isn't unique to the retirement...
Awareness of Social Security promoted

...will be paid out in benefits than will be collected in payroll taxes, due to the aging of the population. The Social Security trust funds, expected to peak at $4 trillion, will be completely exhausted by 2037, once the full impact of the baby...
The fake budget debate

...governmental costs. Strictly speaking, Social Security will be no worse off; the same IOUs will be placed in the Social Security trust fund whether the money is used to cover other costs or pay down debt. The Congressional Budget Office recently estimated...


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