Category: Social Security

The Changing Face of SSDI Beneficiaries

As I wrote in a previous blog post, the Social Security Disability Insurance program is suffering a funding shortfall that is exacerbated by a complex bureaucracy and lack of political will for reform.   According to the latest Statistical Report on Social Security Disability, there are 12.1 million individuals currently receiving disability benefits, 8.9 million of them previous workers.  Those who […]

If Congress Does Not Want to Reform SSDI, Will They At Least Tackle Overpayments?

According to the most recent Trustees Report, the Social Security Disability trust fund, which would have been depleted by the end of this year, will now run dry in 2019, thanks to a little finagling of the payroll tax. But this is a short-term solution to a program that is in desperate need of real […]

Social Insecurity

The 2016 Social Security Trustees Report has been a long time coming.  Usually it is released in the spring (although last year it wasn’t released until July), but I can’t say I blame the Trustees for the delay.  It looks bad.  Worse than last year.  The program that pays yours and my retirement benefits, either […]

Can We Stop Pretending That the Trustees Reports Are Good News?

In previous years, the 2015 Social Security and Medicare Trustees Reports were usually released in the spring, albeit on a Friday or perhaps around a holiday when little attention would be paid.  This year, the reports were released yesterday, months later than usual, with little fanfare, except for a few media outlets praising the findings.   The Huffington Post […]

Social Security is in Worse Shape Than Originally Thought! What a Surprise…Or is It?

Researchers at Harvard and Dartmouth Universities have concluded that since 2000, the projected health of the Social Security trust fund has been rosier than it actually is.  The official word from the Trustees report is that the Social Security trust fund will be exhausted in 2033, meaning that benefits would have to be cut by 25 […]

A Quick Guide to the Public Pension Crisis

The NCPA has written numerous publications on the unfunded liabilities of Social Security and possible reforms.   We have also addressed unfunded liabilities of state and local public pensions.   But one of my readers alerted me to her infographic that quite nicely sums up the Social Security and states’ pension crises, for those with no time […]

The High Marginal Cost of the Social Security Benefits Tax

In yesterday’s Dallas Morning News, financial columnist Scott Burns discussed the hard-hitting Social Security benefits tax.  Using Turbo-Tax, he demonstrates how middle-income seniors (those earning $41,343 to $77,343) are hit by the tax.  Since the income thresholds are not adjusted for inflation, but Social Security benefits are, more seniors will have pay the tax as […]

One of Many Reasons Disability Reform is Needed

Possibly the largest fraud case in SSDI history.  Read about it here.

Two Years Later, the Senior Scare Tactics are in Full Force

Two years ago, in the midst of the previous debt ceiling crisis, President Obama told worried beneficiaries that he could not guarantee that Social Security benefit checks would be paid.  Fast forward to this week…here we go again.  A Social Security Administration official warns that benefits could be cut if a debt ceiling agreement is not […]

Are Millennials Ready for Social Security Reform?

Government is very good at crowding out private sector activities.  When government borrows, it can cause interest rates to rise and crowd out more productive private sector borrowing.  When government expands welfare programs to help the hungry and homeless, the effect is the crowding out of individual giving to more efficient private-sector programs.  And decades […]