1983 Greenspan Commission

https://twitter.com/Alexa__Blogger/status/266398681987686400

Here's the direct link.

Main Point:

According to Janice Gregory, President of the National Academy of Social Insurance, "Social Security is not a major, primary source of our deficit and mandatory spending problems. It just isn't. It's nearly a flat line."

The reason that I've included this "very basic clip" is to provide readers with a knowledgeable source (Ms. Gregory) to quote, if called upon to substantiate the claim that Social Security does not contribute in a major way to the deficit.

“If a dog won’t come to you after having looked you in the face, you should go home and examine your conscience.” — Woodrow Wilson Read below the fold...

https://twitter.com/Alexa__Blogger/status/266425861153099776

Here's the direct link.

Main Points:

According to Ms. Janice Gregory, President, National Academy of Social Insurance, Social Security benefits are already going down in the future (without further cuts).

Benefits are modest, approximately $14,000 annually.

After paying Medicare premiums, the Social Security "replacement rate of lifetime average earnings" in 2010, was 39%.

By 2030, it will be 32%.

Neither of these rates count "taxing" Social Security benefits, so it understates the problem.

“If a dog won’t come to you after having looked you in the face, you should go home and examine your conscience.” — Woodrow Wilson Read below the fold...

FDR on Social Security
DonkeyHotey's photostream, flickr

Below is the first of a number of short video clips of three former Greenspan Commission staffers and a moderator discussing Social Security reform, past and present.

I decided to post these clips in the form of a Tweet in hopes that readers would be willing to retweet them, if they think they merit it. I apologize that these clips are not embeddable. Read below the fold...