Tag Archives: social security

Dale Coberly: The 2022 Social Security Report came out on June 2. There were no surprises. Things are still predicted to turn out pretty much as they have been predicted to turn out since the 1990’s or earlier. The Report projects the Trust Fund will run out of money in 2035. After that, benefits will need to be reduced about 20% or the tax will need to be increased about 4%. Workers who are not their own boss will see a tax increase of about...

Dale Coberly has written on Social Security numerous times over the years. The Northwest Plan which he developed was recognized by the SS Administration as being a potential solution to a shortfall in SS benefits. Dale briefly describes below how the solution might work in resolving the SS shortfall. Just a heads up. I am not sure if Dale will give a lengthier report. ~~~~~~ The 2022 Social Security Trustees Report was released a few days ago....

This podcast came to me by way of Kip Sullivan, the expert on Traditional Medicare and Medicare Advantage. We have had a running dialogue for about a year now. Most recently, Angry Bear featured Kip’s PNHP Single Payer Healthcare Financing Series detailing why healthcare is expensive in the US. I have put up numerous posts on healthcare, Medicare, Medicare Advantage. This podcast by Kip and Ralph Nader gets into the take over of Traditional...

—We study history in order to better understand what is going on now, to be better able to look into the future. — The Great Depression was a manifestation of the utter and complete failure of capitalism. Social Security, unemployment, and Welfare were implicit admissions of this failure. Capitalism had spectacularly failed to provide for labor, therefore capitalism should have borne the cost of Social Security and Welfare. The capitalists,...

“Democrats Introduce Plan To Fix Social Security, the way we fixed the cat,” Commenter and Social Security Expert Dale Coberly assesses the latest plan coming out of Washington DC “Congress has a new plan to fix Social Security. How it would change benefits,” CNBC in the House. Dale was one of the creators of the Northwest Plan which was submitted to Congressman DeFazio who sent Dale Coberly’s Northwest Plan to the Social Security Administration –...

Michael Smith on the Open Thread: “‘Found this interesting. Tucked in the reconciliation bill they want to mandate employers with 5+ employees to contribute up to 10% to an IRA. Failure to do so is ‘taxed’.”  Hidden In The Reconciliation Bill: A Retirement Plan Mandate That Will Take Most People By Surprise, Forbes, Elizabeth Bauer, September 25, 2021 “Under the proposal, starting in 2023, employers with five or more employees would have to...

In her 2020 book ‘Waste’, Catherine Flowers speaks to the practice in Alabama – throughout the South – of keeping the poor and ignorant poor and ignorant so that there would always be a cheap source of labor on hand. In a September 2021 House Budget Committee hearing, a member from neighboring Georgia patiently explained the economic necessity of cheap labor; how increased wages were a threat to small businesses; and how any increase in wages would...

Improving Medicare Coverage Act – H.R. 5165 Medicare – Improving  Medicare Coverage Act; H,R, 5165, September 3, 2021 130+ House Democrats are co-sponsoring a bill by Pramila Jayapal, the Improving Medicare Coverage Act. The impact of which would drop the Medicare eligibility age to 60 years of age. All well and good, it is about time something is changing. Healthcare Insurance and medical costs are exceeding high in the US. Pricing of...

Everybody talks about Medicare, Medicare4All, Medicare Advantage. Few talk about costs or what Medicare consists of for those who qualify for it. How can someone be in favor of Medicare4All, if you do not understand what regular Medicare consists and what it costs. I am guessing most people believe it would be free. What if it isn’t and you paid what many people pay today for Medicare and its supplements? Some Absolutes: Traditional...

by Dale Coberly Condorcet and Malthusian essay relevant to Social Security and the problem of too much kindness [note, important sentences in the following are quoted from another author because it’s easier for me to write that way.  Credit will be given at the end of the article.] Goetzman: “In 1794 as the Reign of Terror raged the Marquis de Condorcet penned one of the most optimistic tracts of the eighteenth century.  He wrote...