Tag: Social Security
Five Steps for Taming the Federal Spending Beast

The runaway federal spending that has accompanied the coronavirus pandemic will force a reckoning in the “mandatory” portion of the U.S. government’s budget after the pandemic has passed. That’s the assessment of AEI resident fellow James Capretta, who indicates that the reckoning will mean big changes for mandatory entitlement programs whose spending has been…
Read More »

Coronavirus Is Quickly Draining Social Security

The 2020 Social Security Trustees’ Report is out, and it is not good news. According to Social Security’s trustees, the Old Age and Survivors’ Insurance Trust Fund will run out of money in 14 years, meaning that beginning in 2035, all of Social Security’s beneficiaries will have their monthly income checks slashed by 21…
Read More »

COVID-19 Policy: Yet Another Intergenerational Transfer

There is still a lot we don’t know about the COVID-19 pandemic, but one thing we do know is that those most at risk of death are the elderly and people with other underlying health problems. While there is a small risk of death for people who are healthy and young, most healthy young…
Read More »

Death, Taxes, and Government Waste

“In this world nothing can be said to be certain, except death and taxes.” Perhaps, there is a third thing: government waste.

Wave of Red Ink Set to Strike Social Security

Beginning next year, the total amount of Social Security benefits paid out to beneficiaries will exceed the amount of money that working Americans pay into it.

America’s Nazi SS Korps

Dozens of ex-Nazis drawing Social Security payments to the tune of more than $1.5 million. 

Milton Friedman’s Solution for Social Security Would Work for Government Pensions, Too

Milton Friedman, the 1976 Nobel Laureate in economics, was interviewed on the television program Uncommon Knowledge in 1999, and he offered a solution to Social Security’s financial problems: shut it down. But Friedman didn’t advocate that the federal government walk away from its promises. Social Security participants are owed a stream of payments during…
Read More »

The Program No One Dares to Question: Social Security

I recently exchanged letters with Joe Davidson, columnist for the Washington Post, about the Social Security program, in which I raised a central problem with this program, a defect consistently ignored by all its supporters. (Incidentally, the $1,000 reward I promised Mr. Davidson—which he did not attempt to claim—remains open to any staff member…
Read More »

“Creepy Uncle Sam” Obamacare Care-nival

To follow up on the superb “Creepy Uncle Sam” videos satirizing Obamacare (see here and here), the new “Something Creepy This Way Comes: Creepy Uncle Sam Obamacare Care-nival” has now gone viral on the Internet: For the pivotal alternative to Obamacare, please see the Independent Institute’s widely acclaimed book: Priceless: Curing the Healthcare Crisis,…
Read More »

Piketty’s Capital: IV

I’ve made some observations about Thomas Piketty’s Capital in the Twenty-First Century already, here, here, and here, and in this post want to note the way that the twentieth-century welfare state has contributed to the inequality that Piketty has observed. Piketty observes that growing inequality is the result of the return on capital being…
Read More »

  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org