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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

    [ Parent ]

    •  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

      socialsecuritydefender.blogspot.com - SocSec.Defender at gmail.com - 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

      [ Parent ]

    •  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?

      socialsecuritydefender.blogspot.com - SocSec.Defender at gmail.com - 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

      [ Parent ]

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