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Archive for the ‘Social Security’ Category

GAO Report Misses Mark: Extending The EEA A Great Idea

In Social Security on 22 November 2010 at 11:08 pm

Today’s “What We’re Reading” section of the New York Times blog, Economix, reports that if we “[r]aise the retirement age, more will become disabled, Merrill Goozner writes.”

In his post on The Fiscal Times, Mr. Goozner summarizes the findings of a new report from the Governement Accountability Office prepared for Senator Herb Kohl (D-WI)*(see snarky comment at the end) The report looked at raising the early retirement age as one measure to help close the Social Security funding gap.  (See my recent post on the topic.)

Early in his post, Mr. Goozner quotes the Read the rest of this entry »


Extending Social Security’s Early Retirement Age

In Social Security on 13 November 2010 at 4:07 pm

Social Security is a terrific entitlement program.  However, there seems to be some confusion over to what, exactly, one is entitled.  Social Security’s primary component is The Old-Age and Survivors Insurance Trust Fund.  It was created pursuant to section 201 of the Social Security Act Amendments of 1939 (superseding the Social Security Act of 1935) with the goal of preventing the elderly and infirm from living in poverty.  There is nothing in section 201 (or any other section of the Act), which endows recipients with the inalienable right to golf, travel, and winter in Florida. Read the rest of this entry »