Willisms
Navigation

Buy WILLisms

XML Feed


Featured Entries

The Babe Theory Of Political Movements.
Mar. 21, 2005 11:50 AM

Iran's Sham Election In Houston.
June 20, 2005 5:36 AM

Yes, Kanye, Bush Does Care.
Oct. 31, 2005 12:41 AM

Health Care vs. Wealth Care.
Nov. 23, 2005 3:28 PM

Americans Voting With Their Feet.
Nov. 30, 2005 1:33 PM

Idea Majorities Matter.
May 12, 2006 6:15 PM

Twilight Zone Economics.
Oct. 17, 2006 12:30 AM

The "Shrinking" Middle Class.
Dec. 13, 2006 1:01 PM

From Ashes, GOP Opportunities.
Dec. 18, 2006 6:37 PM

Battle Between Entitlements & Pork.
Dec. 21, 2006 12:31 PM

Let Economic Freedom Reign.
Dec. 22, 2006 10:22 PM

Biggest Health Care Moment In Decades.
July 25, 2007 4:32 PM

Unions Antithetical to Liberty.
May 28, 2008 11:12 PM

Right To Work States Rock.
June 9, 2008 12:25 PM



Donate





Links

Blogroll Me!







Search



Archives

July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
December 2004




Social Security Reform Thursday.
March 13, 2008

Caption Contest: Enter Today!
Due: July 29, 2008

The Carnival Of Classiness.
Mar. 14, 2006

Quotational Therapy: Obama.
Apr. 4, 2008

Mainstream Melee: Wolfowitz.
May 19, 2007

Pundit Roundtable: Leaks.
July 9, 2006

A WILLisms.com(ic), by Ken McCracken
July 14, 2006




Credits

Powered by Movable Type 3.17
Site Design by Sekimori




WILLisms.com June 2008 Book of the Month (certified classy):











The WILLisms.com Gift Shop: Support This Site

giftshopbanner.gif











This Week's Carnival of Revolutions: carnivalbutton.gif



Carnival Home Base: homebase.gif

























Willisms

« Trivia Tidbit Of The Day: Part 419 -- Stem Cell Research & NIH Funding. | WILLisms.com | Trivia Tidbit Of The Day: Part 420 -- Carbon & Economy. »

Social Security Reform Thursday: Week Seventy-Two -- Huge Portion Of The Federal Budget.

reformthursdayblue.gif

Thursdays are good days for reform, because they fall between Wednesdays and Fridays.

That's why WILLisms.com offers a chart or graph, every Thursday or so, pertinent to Social Security reform.

This week's topic:

We Need Solutions, Not Max Baucus.

Some distressing news out of Congress, from Amy Ridenour's National Center blog:

Senator Max Baucus (D-MT), chairman of the Senate Finance Committee, has announced he is refusing even to hold hearings on President Bush's nominee, Andrew Biggs, to be the #2 official at the Social Security Administration.

Baucus is refusing to schedule a hearing not because Biggs is unqualified, but because Baucus doesn't like his opinions.

What's so fascinatingly ridiculous about this decision is a comment from Baucus in his press release on the subject (.pdf):

"It’s time to move on to a real discussion about the long-term finances of Social Security and the Federal budget.”

Okay, yeah. But you are ending real discussion by not even having a hearing on Andrew Biggs. And you've already ruled out tax increases and benefit cuts. So... that basically leaves personal accounts. But you've ruled them out, too.

Yeah.

It's just embarrassing. I really feel for anyone in the White House or Congress trying to do serious work on Social Security reform.

Just a reminder of the size of Social Security, take a look at the outlays in the 2006 budget, found in the recently released Economic Report of the President (.pdf):

2006outlays.gif

Meanwhile, we're still being robbed. Each of the Thrift Savings Plan options (what personal accounts would be patterned after) is-- again-- up from last week, all while Social Security inches closer to insolvency.

Max Baucus, thief.

We deserve a better deal. We deserve personal accounts.

The clock is still ticking:


Tune into WILLisms.com each Thursday or so for more important graphical data supporting Social Security reform.

--------------------------------

Previous Reform Thursday graphics can be seen here:

-Week One (Costs Exceed Revenues).
-Week Two (Social Security Can't Pay Promised Benefits).
-Week Three (Americans Getting Older).
-Week Three, bonus (The Templeton Curve).
-Week Four (Fewer Workers, More Retirees).
-Week Five (History of Payroll Tax Base Increases).
-Week Six (Seniors Living Longer).
-Week Six, bonus (Less Workers, More Beneficiaries).
-Week Seven (History of Payroll Tax Increases).
-Week Seven, bonus (Personal Accounts Do Achieve Solvency).
-Week Eight (Forty Year Trend Of Increasing Mandatory Spending).
-Week Nine (Diminishing Benefits Sans Reform).
-Week Ten (Elderly Dependence On Social Security).
-Week Eleven (Entitlement Spending Eating The Budget).
-Week Twelve (Benefit Comparison, Bush's Plan versus No Plan).
-Week Thirteen (Younger Americans and Lifecycle Funds).
-Week Fourteen (The Thrift Savings Plan).
-Week Fifteen (Understanding Progressive Indexing).
-Week Sixteen (The Graying of America).
-Week Seventeen (Debunking Myths).
-Week Eighteen (Debunking Myths).
-Week Nineteen (Reform Needed Sooner Rather Than Later).
-Week Twenty (Global Success With Personal Accounts).
-Week Twenty-One (GROW Accounts: Stopping The Raid).
-Week Twenty-Two (Millions of Lockboxes).
-Week Twenty-Three (Support for Ryan-DeMint).
-Week Twenty-Four (KidSave Accounts).
-Week Twenty-Five (Latinos and Social Security).
-Week Twenty-Six (AmeriSave).
-Week Twenty-Seven (Cost Of Doing Nothing).
-Week Twenty-Eight (Chile).
-Week Twenty-Nine (Entitlement Spending Out Of Control).
-Week Thirty (Reform Better Deal Than Status Quo).
-Week Thirty-One (Social Security As A Labor Cost).
-Week Thirty-Two (Social Security And Dependence On Government).
-Week Thirty-Three (Social Security, Currently A Bad Deal For African-Americans).
-Week Thirty-Four (Longer Life Expectancies Straining Social Security).
-Week Thirty-Five (Howard Dean & Salami).
-Week Thirty-Six (Growing Numbers of Beneficiaries Draining Social Security).
-Week Thirty-Seven (The Crisis Is Now).
-Week Thirty-Eight (Disability Benefits).
-Week Thirty-Nine (Broken Benefit Calculation Formula).
-Week Forty (German Social Security Disaster).
-Week Forty-One (Crumbling Pyramid Scheme).
-Week Forty-Two (Overpromising, Globally).
-Week Forty-Three (Demographic Wave).
-Week Forty-Four (The Jerk Store).
-Week Forty-Five (Defined Benefit Plans).
-Week Forty-Six (Even The Empty Promises Are A Bad Deal).
-Week Forty-Seven (Our Aging Population).
-Week Forty-Eight (The Tax Increases Required To Cover Social Security's Costs).
-Week Forty-Nine (Much Longer To Get Your Money Back From Social Security).
-Week Fifty (A Vote, At Last).
-Week Fifty-One (We Can Do Better).
-Week Fifty-Two (Socialist Security).
-Week Fifty-Three (China Has The Same Problem, Only Worse).
-Week Fifty-Four (Potential Crisis Size).
-Week Fifty-Five (The Crisis Moves Closer).
-Week Fifty-Six (Big Brother Social Security).
-Week Fifty-Seven (Personal Accounts Are Awesome).
-Week Fifty-Eight (Private Accounts and Presidential Proposals).
-Week Fifty-Nine (The False Promises Of Social Security = Unwise Investing/Saving).
-Week Sixty (Declining Rate Of Return).
-Week Sixty-One (Entitlement Spending Threatens America's Defense Capabilities).
-Week Sixty-Two (Dismal Rates Of Return Only Getting Worse).
-Week Sixty-Three (Lost Time, Growing Shortfall).
-Week Sixty-Four (Solutions & Consequences).
-Week Sixty-Five (Totalization Agreements).
-Week Sixty-Six (The 7.65% Solution).
-Week Sixty-Seven (No Reform Means The End Of Many Federal Agencies Or, More Likely, Higher Taxes).
-Week Sixty-Eight (Our Next President Faces Serious Social Security Challenges).
-Week Sixty-Nine (Taxing Social Security Benefits).
-Week Seventy (Democrats Just Want Higher Taxes).
-Week Seventy-One (Max Baucus = Thief).

Posted by Will Franklin · 15 February 2007 07:23 PM

Comments

"Real" discussion apparently means something different to Democrats.

Posted by: Assistant Village Idiot at February 15, 2007 10:11 PM

I watched Chairman Bernanke, gavel-to-gavel, before the House Banking Committee today. I could wax long on the quality of the interlocuters' questions, but for brevity's sake will stick with wondering when if ever does a congressman realize how dumb he is?

Posted by: buddy larsen at February 15, 2007 11:01 PM

There are three ways to fix Social Security: reduce promised benefits, raise additional taxes, or save money today to pay benefits tomorrow. But Baucus said he'll do it without accounts, tax increases, or benefit cuts. Then Baucus says he won’t consider the nomination of Andrew Biggs to be deputy commissioner of the Social Security Administration.

So under Baucus’ chairmanship we can’t talk about solutions and we can’t talk to people recognized by both parties as experienced, knowledgeable and reasonable. Basically we can’t talk.

So while serious minded politicians and policy experts beg for a discussion with “all options on the table,” the Mad Hatter sits at his tea party and says to Alice, “you shouldn’t talk.”

Posted by: Olivia at February 16, 2007 09:11 AM