Social Security Reform
After the GAO finds $11 billion in disability payment fraud, some members of Congress push for privatization to solve a problem which accounts for only one fifth of one percent of cases, says CEPR’s Nicole Woo.
CEPR’s Nicole Woo says a phase-out of the tax cap could eliminate up to 80% of the projected shortfall in social security funding
Signed into law in 1935, the Social Security Act launched an integral social safety net program, but is it still sustainable?
Joseph Minarik (former chief economist of the Office of Management and Budget for eight years during the Clinton Administration) and economist Richard Wolff take on President Obama’s proposed changes to Social Security
Teresa Ghilarducci: The whole 401K structure has a fatal flaw and older workers are going into retirement with not enough money to maintain their living standards
Teressa Ghilarducci: The “chained” CPI ignores research that shows senior’s costs are going up as they get older and women are most affected
Michael Hudson: Obama’s “bargain” on social security reform will push more retirees into poverty in exchange for a minor increase in high end income tax – a class that receives most revenue from capital gains