State of Innovation

Patents and Innovation Economics

Social Security Cash Negative

An excellent article, by Allan Sloan, of Fortune states that the next bailout will be Social Security.  The article, Next in Line For a Bailout: Social Security,  states

Social Security hasn’t been cash-negative since the early 1980s, when it came so close to running out of money that it was making plans to stop sending out benefit checks. That led to the famous Greenspan Commission report, which recommended trimming benefits and raising taxes, which Congress did. Those actions produced hefty cash surpluses, which until this year have helped finance the rest of the government.

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February 4, 2010 - Posted by | Uncategorized

2 Comments »

  1. Dale,
    How does the government bail itself out?
    Kevin

    Comment by khalling | February 5, 2010 | Reply

  2. Kevin,

    The answer is probably a combination of things. However, any solution has to include getting our economy to start growing again. Great Britian and Chile have both found ways to ease the burden of government retirement programs by providing their citizens with options on where to invest their retirement dollars.

    Comment by dbhalling | February 7, 2010 | Reply


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