Chained CPI a gimmick we’ll all pay for

Via USA Today, by Duncan Black: The switch to chained CPI wouldn't just reduce benefits, including Social Security and Veterans' benefits, but could also impact future federal tax rates paid by most people. Various news reports have stated that the Obama administration plans to include cuts to Social Security benefits in its budget proposal. What is less …

Continue reading Chained CPI a gimmick we’ll all pay for

401Ks are a disaster

A column from USA Today, by economist Duncan Black: Recent and near-retirees, the first major cohort of the 401(k) era, do not have nearly enough in retirement savings to even come close to maintaining their current lifestyles. We need an across the board increase in Social Security retirement benefits of 20% or more. We need it …

Continue reading 401Ks are a disaster