Comments on: Exclusive: CBO predicts Social Security cash deficits in 2010-11; Update: Too much sunny optimism at CBO?

By: race42008.com » Blog Archive » Michelle Malkin’s Thanks & Reflections On Hot Air

Mon, 22 Feb 2010 02:45:22 +0000

[...] Never take the real things for granted. With his daily web shows, exclusive political scoops and analysis, and constant good cheer, Ed has increased Hot Air’s stature and standing enormously. He has [...]

By: Michelle Malkin » A note on the acquisition of Hot Air

Michelle Malkin » A note on the acquisition of Hot Air — Sun, 21 Feb 2010 15:55:43 +0000

[...] his daily web shows, exclusive political scoops and analysis, and constant good cheer, Ed has increased Hot Air’s stature and standing enormously. He has [...]

By: No Runny Eggs » Blog Archive » Another look at the mid-term Social Security crater

Thu, 04 Feb 2010 04:41:27 +0000

[...] in September, Ed Morrissey found, and I expanded upon, a dire look at the Social Security “Trust” Funds from the [...]

By: Social Security Will Go Bust in 2010 « Xenophilia (True Strange Stuff)

Social Security Will Go Bust in 2010 « Xenophilia (True Strange Stuff) — Tue, 15 Dec 2009 01:34:50 +0000

[...] Hot Air has received a report from the Congressional Office Budget that has been sent to legislators, but not yet released to the public, showing that Social Security will go broke not in ten years, or 20 years, or 50 years, but next year. The report, which you can view here, shows Social Security running a deficit next year and then permanent deficits getting larger and larger starting in 2016. – savethegop [...]

By: Update on our government’s deteriorating solvency « Fabius Maximus

Update on our government’s deteriorating solvency « Fabius Maximus — Thu, 01 Oct 2009 00:03:08 +0000

[...] “CBO predicts Social Security cash deficits in 2010-11“, Ed Morrissey, Hot Air, 22 September 2009 [...]

By: Social Security: In the Red Now « Pond’rings

Social Security: In the Red Now « Pond’rings — Fri, 25 Sep 2009 06:15:20 +0000

[...] The full story is at HotAir. A lot of this is happening because our economic tumble is causing tax revenues, including SSI income, to fall dramatically. A lot of folks don’t realize that many of the people in the “higher income brackets” actually have extremely variable incomes. If you’re on a $0k a year salary, that’s pretty much what you make. If you “play the market,” or are on a $150k a year salary, your income can probably vary between $500k a year and $150k a year in any given year, depending on economic conditions. A lot of folks who used to make $500k a year are now making $150k a year, and a lot of folks who used to have jobs don’t any longer. All of this has a major impact on tax revenues. September 25th, 2009 | Tags: economy, social security, social spending | Category: News Roundup | Leave a comment [...]

By: Social Security To Go Broke By 2010 « Tarpon’s Swamp

Social Security To Go Broke By 2010 « Tarpon’s Swamp — Thu, 24 Sep 2009 15:30:45 +0000

[...] Security To Go Broke By 2010 Ed Morrissey a Hot Air got hold of the summer 2009 Congressional Budget Office report on the health of the [...]

By: Media Dozes While Social Security Is on the Verge of Negative Cash Flow

Media Dozes While Social Security Is on the Verge of Negative Cash Flow — Wed, 23 Sep 2009 20:18:48 +0000

[...] Morrissey at Hot Air had the catch of the day yesterday when he revealed, based on Congressional Budget Office internal projections distributed [...]

By: Hot Air » Blog Archive » Defending President McCain from Glenn Beck

Hot Air » Blog Archive » Defending President McCain from Glenn Beck — Wed, 23 Sep 2009 16:50:02 +0000

[...] might have occurred over the next few decades, to help us cope with the coming crash. Instead, the time bomb of Social Security begins detonating next year. Even if Obama left office tomorrow, it would take [...]

By: Media Dozes While Social Security Is on the Verge of Negative Cash Flow | linkthe.com

Wed, 23 Sep 2009 15:09:43 +0000

[...] Morrissey at Hot Air had the catch of the day yesterday when he revealed, based on Congressional Budget Office internal projections distributed [...]

By: Media Dozes While Social Security Is on the Verge of Negative Cash Flow (Why that just won’t help the health care debate will it?!) « Prayer, News & Action

Wed, 23 Sep 2009 14:47:23 +0000

[...] Morrissey at Hot Air had the catch of the day yesterday when he revealed, based on Congressional Budget Office internal projections distributed [...]

By: RSS agregator » Blog Archive » CBO predicts Social Security cash deficits in 2010-11

Wed, 23 Sep 2009 13:09:34 +0000

[...] Hot Air Blog Archive Exclusive: CBO predicts Social Security cash deficits in 2010-11 [...]

By: Papa Mike’s Blog » Blog Archive » Social Security Begins Going Bankrupt Next Year!!

Wed, 23 Sep 2009 10:54:57 +0000

[...] the problem with socialism was that sooner or later, you run out of other people’s money. Social Security is just about to run out of other people’s money: Four years ago, George W. Bush attempted to reform the entitlement program Social Security, [...]

By: Social Security Going Negative in 2010 « Let us go then, you and I

Social Security Going Negative in 2010 « Let us go then, you and I — Wed, 23 Sep 2009 10:51:40 +0000

[...] oldpossum2 on September 23, 2009 Yup – our social security system is running out of money. Here’s info from the government. leave a comment « Cut Taxes, Bomb Iran, [...]

By: Media Dozes While Social Security Is on the Verge of Negative Cash Flow | Yuvablog

Wed, 23 Sep 2009 08:09:07 +0000

[...] Morrissey at Hot Air had the catch of the day yesterday when he revealed, based on Congressional Budget Office internal projections distributed [...]

By: CBO predicts Social Security cash deficits in 2010 | Health-Fitness|Medicine|Weight Loss|Beauty|Lifestyle|Diabetes

Wed, 23 Sep 2009 07:37:36 +0000

[...] Ed Morrissey has the story at Hot Air. [...]

By: MannyT-vA

MannyT-vA — Wed, 23 Sep 2009 07:30:56 +0000

Didn’t Bush want to have people and the Government invest some of the Social Security funds into the equity market as part of his plan? I’m not sure we would now be better off if his plan had been implemented.

P.S. The Social Security laws already provide for an automatic reduction of benefits if the system approaches insolvency.

Jimbo3 on September 22, 2009 at 2:38 PM

There is no way to say this without sounding condescending, so for that I apologize as I don’t mean it to sound as much as it will sound…

However, you do realize that you can ‘bet’ against the market and make quite a bit of money right? My parents have made a KILLING in the market this past year shorting stocks and buying undervalued stocks when they were cheap. (they bought BOA when it was around $1.00 and sold a large hunk when it was around $13 again. You do the math on the ROI)

Second, how is an automatic reduction of benefits to avoid insolvency a good thing or even acceptable? If I end up paying in $30K into Social Security and end up getting a check for $50 a month in 2040 so they can claim they aren’t insolvent, I don’t see how that was a good use of my money or even performing anything even remotely approaching it’s intended purpose. (not that it does that now. People who use Social Security as their sole retirement plan are frankly utter morons)

I’m sorry but reducing benefits just so you can say you aren’t insolvent doesn’t make it NOT a failure. It’s nice that it won’t be siphoning money from other places but it will mean a lotta people paying into it now are getting the royal shaft.

By: Dave R.

Dave R. — Wed, 23 Sep 2009 06:05:49 +0000

This country is beyond broke, and now the government-schooled dumbMases are going to wake up to the unpleasant fact that the Social Security “trust fund” has never been anything more that an IOU tucked away in a dank, musty drawer somewhere in DC, and contains a balance of exactly $0.

I can’t wait to hear what slobbering Bawney Fwank’s lame-ass, totally gay excuses will be for this latest train-wreck, but we all know they are coming.

Good going, America! Keep voting for those RINOs!

By: BizzyBlog

BizzyBlog — Wed, 23 Sep 2009 05:13:15 +0000

[...] Morrissey at Hot Air had the catch of the day this morning when he revealed, based on Congressional Budget Office internal projections [...]

By: The Conservative Daily News

The Conservative Daily News — Wed, 23 Sep 2009 03:44:48 +0000

Social Security Wil Go into Deficit in 2010…

Hot Air is reporting that it has obtained a report from the non-partisan Congressional Budget Office (C.B.O.) that shows that Social Security is in more trouble than Obama’s Director of the Office of Management and Budget (O.M.B.), Peter Orszag,

By: CBO predicts Social Security cash deficits in 2010-11 « Wintery Knight Blog

CBO predicts Social Security cash deficits in 2010-11 « Wintery Knight Blog — Wed, 23 Sep 2009 01:36:43 +0000

[...] CBO predicts Social Security cash deficits in 2010-11 Ed Morrissey has the story at Hot Air. [...]

By: mad scientist

mad scientist — Wed, 23 Sep 2009 01:34:34 +0000

Less than a week ago Yahoo had an article talking about how silly people were for doubting the solvency of Social Insecurity.

How quickly things change

By: GIRD UP YOUR LOINS: CBO predicts Social Security cash deficits in 2010-11

GIRD UP YOUR LOINS: CBO predicts Social Security cash deficits in 2010-11 — Wed, 23 Sep 2009 01:30:20 +0000

[...] GIRD UP YOUR LOINS: CBO predicts Social Security cash deficits in 2010-11 Posted at September 22, 2009 CBO predicts Social Security cash deficits in 2010-11 [...]

By: flytier

flytier — Tue, 22 Sep 2009 22:52:57 +0000

Like all good pyramid schemes, they all must eventually come to a crashing end. Where’s Bernie Madoff when you need him!

By: Carolina Politics Online » CBO: Social Security to Go Bust Next Year

Carolina Politics Online » CBO: Social Security to Go Bust Next Year — Tue, 22 Sep 2009 22:30:16 +0000