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Tag Archives: Dale Coberly

2024 SOCIAL SECURITY REPORT IS OUT THE MEDIA MISS THE POINT

The 2024 Social Security Trustees Report came out on Monday, May 6. You can find dozens of press reports and other commentary online, most of which are written by people who actually know nothing about Social Security except what they read in the papers. Some are written by people who do know what they are talking about but write in a way that is likely to mislead. For today I am just going to look at the May 6 analysis: “Analysis of the 2024...

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END THE TAX ON Social Security. A Good Idea?

by Dale Coberly No. It’s not. Here is why. The argument for ending the tax on Social Security benefits seems to be that “it is a tax on a tax”, double taxing, and not fair. Even the good guys believe this. But they are wrong. Consider,  You pay income taxes on your ordinary income.  Then you may take your after tax income and put some of it in a savings account which earns interest.  Then you pay income tax on the interest you earn. ...

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Struggling to Boost Chile’s Meager Pensions

Gabriel Boric Is Struggling to Boost Chile’s Meager Pensions, Jacobin, Phineas Ruekert. Dale Coberly on Social Security: Not so long ago (2003) the Liars who want to destroy Social Security in America were bragging about the privatized pension system adopted by Chile.  Many of those liars commented on my posts on AB.  Here is an update. This is what Chile’s great privatized pension system looks like today. Jacobin’s Phineas Rueckert: Zuñiga is...

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Social Security has Nothing to Do with Debt or Deficits

Dale Coberly lead-in to his discussion on Social Security is something which has been debated back and forth by politicians, those who wish to cut it, those who seek to end it, and those who have done all of the above such as Andrew Biggs. Social Security for the today’s elderly and those who will retire in the future can be fixed rather inexpensively. Dale, Bruce, and Arne etc. have argued the points extensively on Angry Bear. Dale has given me...

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Changing Social Security Sooner Rather Than Later, Avoiding a Shortfall

I was following the links in Dale’s latest commentary on Social Security and clicked in to see what Dale was discussing in his commentary. I was able to web capture the chart (below) which I believe accurately depicts what Dale is writing about in his commentary. The chart is a depiction of a one tenth of one percent increase yearly for the employer and the employee. There are other solutions to the short fall of Social Security funding. As...

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SOCIAL SECURITY, A BREAK THROUGH?

Dale Coberly discussing the latest news on Social Security. SOCIAL SECURITY, A BREAKTHROUGH? Dale Coberly For years I have been trying to inform people that the great big, huge horrible “Looming Trillion Dollar Unfunded Deficit” in Social Security could be fixed forever with a one tenth of one percent increase in the Social Security tax whenever the Trustees projected “short range financial inadequacy. This would amount to about a dollar per...

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No Free Lunch Ignoring Social Security’s Timely Cheap Fix Costs You

Dale Coberly Talks Social Security . . . For over ten years I have been telling anyone who would listen . . . about ten people . . . that the great “Looming Unfunded Twenty-Two Trillion Dollar Deficit! . . . stealing our children’s future,” reported in all the high-end news sources by all the high-end reporters, columnists, nonpartisan experts, serious people, and other liars turns out to be really, really small when you actually “do the...

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Social Security on Brink of Collapse, Dramatic Changes Coming – Some With ‘Bipartisan Support’

Dale Coberly: This is part 2 of a comment I began July 18 on Angry Bear.  It is a reply to an article appearing on the internet by Andrew Herrig at wealthynickel.com  under the title. “With Social Security on Brink of Collapse, Dramatic Changes Coming – Some With ‘Bipartisan Support,’” WEALTHY NICKEL, written by Andrew Herrig. The first part of my commentary noted that Herrig ignores that Social Security can fix itself simply by raising the...

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With Social Security on Brink of Collapse, Dramatic Changes Coming

Dear Reader Dale Coberly: Bill has asked me to comment on an article appearing on the internet at wealthynickel.com under the title With Social Security on Brink of Collapse, Dramatic Changes Coming – Some With ‘Bipartisan Support’ written by Andrew Herrig, who calls himself a finance expert and says his expert financial advice has been featured on CNBC, Entrepeneur,Fox News, GOBanking rates, MSN, and more. Herrig says Lawmakers have a...

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With Social Security on Brink of Collapse, Dramatic Changes Coming

Dear Reader Dale Coberly: Bill has asked me to comment on an article appearing on the internet at wealthynickel.com under the title With Social Security on Brink of Collapse, Dramatic Changes Coming – Some With ‘Bipartisan Support’ written by Andrew Herrig, who calls himself a finance expert and says his expert financial advice has been featured on CNBC, Entrepeneur,Fox News, GOBanking rates, MSN, and more. Herrig says Lawmakers have a...

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