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  •  hmmm (1+ / 0-)
    Recommended by:
    Pescadero Bill

    "The truth is that the 1983 reforms were never intended to pre-fund Boomer retirement, and didn't and won't. Instead they were designed to return the Social Security Trust Fund to 'solvency' as defined for the Trustees in current law."

    Very interesting indeed. Before I email this to Hartmann, do you have any citations or links?

    The "extreme wing" of the Democratic Party is the wing that is hell-bent on protecting the banks and credit card companies. ~ Kos

    by ozsea1 on Thu Mar 28, 2013 at 03:41:34 PM PDT

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    •  Robert Ball's "The Greenspan Commission: (3+ / 0-)
      Recommended by:
      Ginny in CO, Just Bob, denise b

      what Really Happened".

      Bob Ball devoted only 68 years from his initial hire at SSA in 1940 until his death in 2008 to Social Security. Including a stint as chief Democratic negotiator/Commissioner on the 1983 Greenspan Commission. The lengthy chapter from his as yet unpublished autobiography devoted to the Commission was published in separate from under the above title.

      You could supplement that with the Oral History of Bob Meyers on the site. Bob actually started at Social Security before there was such a thing, being a newly graduated actuary hired in 1934 by the Committee on Economic Security (CES) that actually designed the program put into place by the Social Security Act of 1935. Meyers never left and served a few decades as Chief Actuary of Social Security from the 50s to the 70s only to retire when passed over for the Principal Deputy Commissioner slot (no 2 at SSA). He was brought out of retirement to serve as Executive Director of the Greenspan Commission along side his old rival/colleague former SSA Commisioner Ball now Greenspan Commisioner Ball.

      The two Bobs tell a non-identical yet congruent story that confirms that the real goal of the Commission was to achieve solvency over the near term and ON AVERAGE over the long term without ever fully addressing the periods in between. And only a few people associated with the Commission knew enough about the financials to know any different. The Bobs did and Moynihan in part, but most everyone else just wanted to get all this past the 1988 election.

      That is a start to your question anyway. - SocSec.Defender at - founder DK Social Security Defenders group - (hmm is there a theme emerging here?)

      by Bruce Webb on Thu Mar 28, 2013 at 05:43:33 PM PDT

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      •  Thanks. (0+ / 0-)

        Do any of your SS diaries go into this?

        "People, even more than things, have to be restored, renewed, revived, reclaimed and redeemed; never throw out anyone. " Audrey Hepburn "A Beautiful Woman"

        by Ginny in CO on Thu Mar 28, 2013 at 06:02:17 PM PDT

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        •  Ya betch ya (2+ / 0-)
          Recommended by:
          Just Bob, Ginny in CO

          1981-1983 Social Security Commission: Myths and RealitiesPosted by Bruce Webb | 4/25/2009 04:42:00 PM

          The lede:

          Currently there is a lot of discussion about forming a new bipartisan Entitlements Commission modeled in part on the 'Greenspan Commission' of 1981-82 and partly on the Base ReAlignment Commission (BRAC). The idea is that you get people to agree on 'Crisis', then get a 'bipartisan' group together to present an up or down 'compromise' proposal to Congress. I put 'bipartisan' and 'compromise' in quotes because this idea is being pushed by a combination of Conservative Republicans and Blue Dog Democrats who have predetermined the outcome.
          Le plus ca change, le plus le meme chose.

          With four data tables. Bon appetit

 - SocSec.Defender at - founder DK Social Security Defenders group - (hmm is there a theme emerging here?)

          by Bruce Webb on Thu Mar 28, 2013 at 06:36:34 PM PDT

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        •  My Bob Myers post from the AB Series (2+ / 0-)
          Recommended by:
          Just Bob, Ginny in CO

          June 2008
          Soc Sec XXVII: Robert Myers and Prefunding Social Security
          with excerpt (and there is lots more):

          Q: As we look at it today, some people rationalize the financing basis by saying that it's a way of partially having the baby boomers pay for their own retirement in advance. You're telling me now this was not the rationale. Nobody made that argument or adopted that rationale?

          Myers: That's correct. The statement you made is widely quoted, it is widely used, but it just isn't true. It didn't happen that way, it was mostly happenstance that the Commission adopted this approach to financing Social Security. The way they thought about it was that in order to achieve long-range balance we have to have this high tax rate in 1990, instead of putting it in steps. We could have fixed it up with a series of steps, lower in 1990, about the same in 2010, higher in 2015, that could have fixed it up just as easily, but there wasn't time. It was not intentional. It has the effect of baby boomers paying for their own retirement, which in a sense is good, but it wasn't a controlling element and it was not talked about. The main thing that was talked about was how do we fix up the short-range problem. Are you sure we aren't going to have another crisis in 2 or 4 years? And can you say that we have looked at the long-range problem and have done something about it?

 - SocSec.Defender at - founder DK Social Security Defenders group - (hmm is there a theme emerging here?)

          by Bruce Webb on Thu Mar 28, 2013 at 06:44:04 PM PDT

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      •  And did they consider wages would increase (0+ / 0-)

        commensurately w/corporate profits or productivity or did they assume all productivity gains would be stolen by corporate kleptomaniacs who would depress and w/hold wages and then complain that increasing the cap or eliminating it would turn SS into a welfare system?  Steal from us both coming and going and create a dystopian argument that some have bought into 'cause, hey if we complained it would make us "whiners".

        "I freed a thousand slaves, I could have freed a thousand more if only they knew they were slaves" Harriet Tubman

        by BrianParker14 on Thu Mar 28, 2013 at 09:39:08 PM PDT

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