I was the sole person responsible for maintaining and updating the original report over the years from untilwhen it was "retired" due to shifting government priorities. Originally entitled "A Comparison of Provincial Social Assistance Programs", the report compared social assistance terms and conditions province by province, using a template of questions submitted by the federal and provincial deputy ministers DMs responsible for social assistance across Canada in the early s. All of the information in the original version of this report was vetted by provincial and territorial social assistance authorities. Subsequent updates were vetted by a "Comparison" contact person in each jurisdiction for accuracy.
They are contracts, not gifts. They should not be invalidated but they must be reformed. Social Security is going broke in and we have to fix it. While the Social Security trustees report shows that the program only be able to pay full scheduled benefits through the yearat which point the trust fund would be depleted, there will still be an enormous amount of revenue coming into the system each year.
The projections of the Congressional Budget Office are more optimistic and show that Social Security will pay full benefits through After that, even if Congress makes no changes to the program whatsoever, Social Security will still be able to pay over 75 percent of the full benefit. The payable benefit after the projected date of trust fund depletion will still be higher than the benefit received by retirees today, so the system would be far from broke.
As you continue to discuss Social Security, I hope you and your staff will have the opportunity to further review the design and finances of the program. If you would like any additional background on this, I would be happy to assist you. Thankfully Dean Baker already does this for us over at Beat the Press.
Here are some highlights: A Washington Post article on the report attributed Social Security's "bleak outlook" to "the ever-larger numbers of people in the baby boom generation entering retirement.
The Greenspan Commission in knew they would be retiring, too. Has the Post already forgotten about our high unemployment rate, which has resulted in fewer contributions to the program?
CNN had a rather amusing article about the "burgeoning" costs of Medicare and Social Security, but right below the headline they posted a graph showing Social Security costs, measured as a share of GDP, as basically flat. Medicare spending, on the other hand, climbs well above Social Security.
This is what Dean has been saying all along: The problem is our health care system. In an interview on American Public Media's MarketplaceOlivia Mitchell, executive director of the Pension Research Council at the Wharton School, trotted out the old line about how the trust fund "has been spent.
By far the largest factor in this change is the Trustees' assumptions regarding the current and future economy, which accounted for nearly half of the total change.
In particular, the Trustees revised down their projections of average hours worked. Last year, the intermediate assumption was that average hours would not change over time, while this year they are assumed to fall 0. Over the year planning period, this implies an eventual fall in hours by about 4 percent.
As a result, growth in average annual earnings was similarly revised downward. For a more in-depth analysis, read our Social Security Byte. Robert Samuelson really hates Social Security. Dean Baker already covered this on Beat the Pressbut the amount of dishonesty in Samuelson's piece is mind-boggling.
Paul Krugman and Jared Bernstein also picked up on it here and here. Samuelson pulls out every trick in the book to make Social Security look terrible, even the old "What would FDR think? Esquire's recent article on " The War Against Youth " is shocking, but not for the reason you'd expect after reading that headline.In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration.
The original Social Security Act was signed into law by President Franklin Roosevelt in , and the current version of the Act, as amended, encompasses several social welfare and social. CEPR is a non-partisan think tank focused on providing data based analysis of the most important economic and social issues.
Apr 06, · The maximum number of items you can export is 3, Please reduce your list by using the filtering tool to the left. Social programs in the United States are welfare subsidies designed to meet needs of the American population.
Federal and state welfare programs include cash assistance, healthcare and medical provisions, food assistance, housing subsidies, energy and utilities subsidies, education and childcare assistance, and subsidies and assistance for other basic services. Pre-Social Security Period.
Traditional Sources of Economic Security. All peoples throughout all of human history have faced the uncertainties brought on by . with Medicare was the decision to model Medicare after the Social Security accounting model. Managing social security is relatively straightforward, but with the dynamic and ever-changing field that is health care, it is very difficult to estimate how much hospital expenses will be in the.