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Eugene Steuerle - 2 Glenn Kramon - 1 Florence Estes - 1 I’ll - 1 MAGA - 1 Dick Cheney - 1 Richard Neal - 1 Democrats – - 1
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Search resuls for: "Gene Steuerle"


5 mentions found


☆ Opinion | Postpone Social Security for the Sake of the Young?
  + stars: | 2023-11-18 | by ( ) www.nytimes.com   time to read: +1 min
The enormous income gap between workers and executives is a much more relevant factor in the lopsidedness of wealth distribution. The aging population is depicted as carefree, golf-playing, medically fit scammers living off struggling young wage earners. Social Security earnings are based on wages earned in a lifetime. The solution is not to raise the age limit for retirement but to eliminate the maximum taxable income for Social Security, currently $160,200. And to the authors, please stop finding ways to divide the young and the old.
Persons: Eugene Steuerle, Glenn Kramon, Florence Estes, I’ll Organizations: Security, Social, Social Security, Millionaires, Florence Estes Chicago Locations: U.S
☆ Social Security Is Now Enriching Older Americans at the Expensive of Everyone Else - The New York Times
  + stars: | 2023-10-26 | by ( C. Eugene Steuerle | Glenn Kramon | ) www.nytimes.com   time to read: +2 min
Like many past ones, it protects the growth of Social Security and Medicare — and cuts the share of the budget devoted to discretionary programs like science and research, environment and education. But there’s another way to help long-term: Those in late middle age will need to work longer as they live longer. That would help shore up revenue with additional Social Security taxes and the income taxes that largely pay for Part B of Medicare. We can adjust Social Security to help achieve that goal. We can both increase revenues and reduce spending by increasing the earliest retirement age from 62, and also the full-retirement age from 67.
Persons: MAGA Organizations: Democrat, Republican, Social Security, Medicare, Security Locations: Washington, France, Russia
☆ America’s Debt Crisis Burns While Congress Fiddles
  + stars: | 2023-10-20 | by ( Tim Smart | ) www.usnews.com   time to read: +9 min
Last month, the Penn Wharton Budget Model from the University of Pennsylvania came out with an analysis of the debt crisis entitled “When Does Federal Debt Reach Unsustainable Levels?”Their answer? The concern is that punting the problem into the future, continuing to raise debt even as interest rates rise further or hold at higher levels for longer, the debt will grow even faster in a “snowball” scenario. Similar proposals have been offered over the years but at the same time they seem to lack political support – indeed, Republicans have recently voiced the idea of cutting Social Security. The debt crisis is rapidly worsening at a time when the bond market is having its own set of problems. A recent government auction of debt, an occurrence that is becoming more common as the U.S. borrows more, saw weak demand.
Persons: Dick Cheney, Richard Neal, Democrats –, Blu Putnam, Alan Greenspan, Ben Bernanke, Jerome Powell, ”, Gene Steuerle, Richard B, Fisher, probity, Kevin McCarthy, Kent Smetters, Boettner, Smetters, Richard Robis, Donald Trump Organizations: Capitol, Democratic, Massachusetts, The New York Times, Federal Reserve, Partisans, Democrats, Fed, CME Group, Social Security, Medicare, Urban Institute, California Rep, Penn Wharton Budget, University of Pennsylvania, University of Pennsylvania's Wharton School, Wharton, Social, Republicans, Treasury, Hamas, BCA Research, White House Locations: U.S, United States, Washington, China, Japan, Israel
☆ Longer Commutes, Shorter Lives: The Costs of Not Investing in America
  + stars: | 2023-10-17 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com   time to read: +3 min
The stagnation of investment does not stem only from the size of government. But the United States has effectively starved programs focused on the future at the expense of those focused on the present. For decades, incomes and wealth have grown more slowly than the economy for every group other than the very rich. Net worth for the typical family shrank during the first two decades of the 21st century, after adjusting for inflation. The trends in many noneconomic measures of well-being are even worse: In 1980, life expectancy in the United States was typical for an industrialized country.
Persons: Eugene Steuerle, “, —, Biden, Eisenhower Organizations: Republicans, Democrats, Social Security, Urban Institute, Democrat, Republican, Republican Party Locations: United States, Washington, Canada, Japan, South Korea, Australia, Britain, France, Germany, Italy, Slovenia, Greece, China
☆ Why Presidents’ Budget Dreams Usually Don’t Come True
  + stars: | 2023-03-10 | by ( Josh Katz | Alicia Parlapiano | Margot Sanger-Katz | ) www.nytimes.com   time to read: +9 min
How 31 Presidential Budgets Compared With RealityYear of budget 1994 Deficits Budgets Reality Spending Taxes and other revenueYou have probably heard of the main reason for this: The president’s budget has no force of law. But the president’s budget is often not predictive for another reason: Unexpected, cataclysmic events end up changing the trajectory of federal spending far more than shifts in any line item in a budget table. Bill ClintonDeficits Budgets Reality Spending Taxes and other revenueMr. Clinton’s budgets matched actual spending and revenue far more than those of the presidents who followed him. Another was the Budget Control Act, a bipartisan bill that reduced federal spending across the government that Mr. Obama had not proposed. And as we’re often reminded during budget season, budgets are also important because they tell you about a president’s goals and values.
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