I haven't been writing because I started a new job this week. Well, it's the same job, but in new office, in a new institutional home. Ironically, the transition represents a bit of an unwelcome full circle for me. I now work in a building that is across the street from the building where I first lived when I moved to New York. I am next door to the building where I had my first real job in New York. Both of them were somewhat depressing episodes in an otherwise relative low stress and progressively more successful professional life. Plus it is winter in New York. So it's a bit strange.
Since I've been much to busy to think of anything to say, check out this post on the social security plan push at Talking Points Memo.
"According to the Trustees, using very pessimistic estimates of future economic growth, Social Security will be able to pay full benefits until 2042. After that, incoming revenue, they say, will be able to pay for at least 70% of my benefits. In other words, I'm good until I'm 73, after which my benefits could drop by as much as 30% if the US economy does really poorly over the next 35 years and no one does anything whatsoever with Social Security until then.
On the other hand, the Congressional Budget Office, under the leadership of former Bush White House senior economist Douglas Holtz-Eakin, says I'll have no problem until 2052, when I'll be 83. After that, they say, there will be a reduction, but again not an overwhelming one.
...We can only conclude that as he has done repeatedly before, this president is deceiving the people he has sworn to serve and defend in order to achieve a policy goal he cannot manage by honest means....So, just as he and his associates did during the build up to the Iraq war, he uses paraphrases, work-arounds and slippery repetitons to communicate the intended falsehood while still providing himself with sufficient wiggle room to evade being tagged as a liar."
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