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Recent content by JoeTheEconomist

  1. J

    4 + 6 = a disaster on paper

    Where did you get the estimates?
  2. J

    Without mentioning Trump or Pence (or even implying either of them)...

    I saw an interesting stat that came out after the last election. Of the people who didn't like either candidate Trump drew 90% of vote. I never could find a link for the research, but it was on TV news so I have slightly more acceptance. The reason that I mention it is because your...
  3. J

    No more Social Security payouts starting in 2023 under Trump's payroll tax elimination plan

    No one is saying that we aren't going to pay it back. The trustees' forecast does not allow for a penny of bad debt. The Trust Funds hold 2.9T. About 2.2T is interest and nearly 800B is general fund subsidies. This is revenue that the government put into Social Security. The math is simple...
  4. J

    No more Social Security payouts starting in 2023 under Trump's payroll tax elimination plan

    First, let's quote the expert that you cited in the first place. ".I am not aware that anyone has proposed the hypothetical legislation you describe. " Actually, he does say that no one is proposing it. The "hypothetical legilation" comes from 4 Democratic members of Congress who took a...
  5. J

    No more Social Security payouts starting in 2023 under Trump's payroll tax elimination plan

    Yeah, the same ball washer that you claim is an expert. half of your post he is an expert. The other half he is a ball washer.
  6. J

    No more Social Security payouts starting in 2023 under Trump's payroll tax elimination plan

    Odd that you would mention it : (mother jones) Seriously, We Should Get Rid of the Social Security Payroll Tax – Mother Jones SSA's scoring of Democratic proposals which use the general fund : https://www.ssa.gov/oact/solvency/JLarson_20200715.pdf "All of these costs would be reimbursed...
  7. J

    No more Social Security payouts starting in 2023 under Trump's payroll tax elimination plan

    You realize that the letter says that no one is proposing this idea. Here is another part of the letter : So the Democrats have requested a scoring on a proposal that no one has made. Did they ask for the SSA to score Biden's proposal, which you actually have some insight. No. This is...
  8. J

    Fertility rate: 'Jaw-dropping' global crash in children being born

    COVID-19 is pushing fertility down. Fewer babies does not hurt Social Security near-term because these kids aren't going to get meaningful jobs for decades. 20 year out, you will see fewer workers and that will affect the percentage of Social Security that you are promised. It is supposed to...
  9. J

    Social Security & Medicare funds at risk even before virus

    Social Security is backstopped by payroll taxes to a degree.
  10. J

    Social Security & Medicare funds at risk even before virus

    I do. The whole point of SS structure is to avoid the question.
  11. J

    Social Security & Medicare funds at risk even before virus

    Structurally the program pays benefits to retirees as an earned benefit. They have paid for benefits, but not enough. If the government bails-out Social Security, it means that we are going to use public funds to give some of the nation's wealthiest people a very generous retirement stipend...
  12. J

    Social Security & Medicare funds at risk even before virus

    79% was last year. This year it is 75%. People don't plan to have car accidents, but they tend to worry if the insurer is unable to pay for wrecks.
  13. J

    Biden lied when denied he ever advocated cutting Social Security/Medicare/veterans

    His campaign staff edited the video of Biden's support to make it appear that Biden agreed with Paul Ryan. Social Security should be a serious program. It is terrible that it hasn't drawn a single question in 11 Democratic Presidential Debates. Mind you none of the references in the last...
  14. J

    Biden lied when denied he ever advocated cutting Social Security/Medicare/veterans

    Here is Krugman: “Not to sugarcoat it: The Sanders campaign has flat-out lied (PolitiFact | Did Biden laud a Paul Ryan proposal to cut Social Security as Bernie Sanders’ campaign said?) about things Biden said in 2018 about Social Security, and it has refused to admit the falsehood. This is bad...
  15. J

    Privatized Social Security

    Again, I teach a class on the subject and need to understand the point. So the government uses payroll taxes to buy new Treasuries, and then sells treasuries to pay the bills? This that about right?
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