when the feds are in the red

From a column by LAT columnist Michael Hiltzik arguing that raising the Social Security retirement age may backfire by causing more disability claims, which cost even more than benefits. He makes a good argument, but then there’s this: That’s because...

funny paper

Megan McArdle: Every time I write anything about Social Security, I get at least one person arguing that everything is fine because after all, the trust fund is not going to run out until 2036 or so. I want to assume good faith, but I have a hard time believing that...

at least bush tried

In 2005, President Bush made a trip to West Virginia to show the filing cabinet where the Social Security Trust Fund was stored. He was mocked by the likes of Paul Krugman for claiming that the program was a sham — the IOUs in the filing cabinet are funds the...