Posts Tagged ‘Social Security’

The Year 2015: Where the New Deal and the Great Society Intersect with Reality

by  

No Comments | Share/Save

Expert Perspective by Grahall’s OmniMedia Editorial Board

The results of a CNN poll on Social Security (CNN poll: Majority Say They Don’t Count on Social Security) suggest, not surprisingly, that almost two thirds “of Americans say the program won’t last another 70 years.”  The article says that:  “For the first time in nearly 30 years, Social Security will pay out more benefits than it receives in payroll taxes both this year and in 2011. By 2015, the program is expected regularly operate with an annual deficit.”

Exacerbating this problem is a “run on the bank” mentality where many of those who are eligible for early age Social Security, seeing that the future for this program is dim, want to start collecting ASAP!  
Continue reading “The Year 2015: Where the New Deal and the Great Society Intersect with Reality” »

Filed under: Expert Perspective - Rewards



Pay of Top Earners Erodes Social Security: Fund Expected to Be Exhausted in 2037

by  

No Comments | Share/Save

Published in The Wall Street Journal July 21, 2009 by Ellen E. Schultz

The nation’s wealth gap is widening amid an uproar about lofty pay packages in the financial world.

Executives and other highly compensated employees now receive more than one-third of all pay in the U.S., according to a Wall Street Journal analysis of Social Security Administration data — without counting billions of dollars more in pay that remains off federal radar screens that measure wages and salaries.

Link to full article.

Filed under: Newsfeeds



Social Security Administration Releases “Status of the Social Security and Medicare Programs”

by  

No Comments | Share/Save

expert perspective telescopeGrahall’s Robert Cirkeil shares some thoughts on the Social Security Adminstration’s SUMMARY OF THE 2009 ANNUAL REPORTS

For years, older men would marry younger women. More recently, older women have been marrying younger men. Historically this was done for love (or lust). Now the mature crowd is searching for youthful spouses for one reason and one reason only – MEDICAL BENEFITS! It would seem that this is the only way seniors can continue to have medical coverage. Private sector employers don’t provide medical coverage to retirees like they used to thanks to changes in the accounting rules.


Continue reading “Social Security Administration Releases “Status of the Social Security and Medicare Programs”” »

Filed under: Expert Perspective