Everand Logo

Welcome to Everand!

  • Los Angeles Times

    Michael Hiltzik: Social Security trustees say the U.S. is rich enough to expand, not shrink, benefits

    The army of perennial doomsayers about the financial condition of Social Security had to be a little crestfallen after the release of the program trustees' annual report last week. That's because the report documented that the program's condition had actually improved in the last year, if modestly. More to the point, the trustees' data underscored that the cost of maintaining Social Security ...
    by Michael Hiltzik, Los Angeles Times Jun 09, 2022 5 minutes
    OPED-HILTZIK-COLUMN-SOCIALSECURITY-DMT.

    The army of perennial doomsayers about the financial condition of Social Security had to be a little crestfallen after the release of the program trustees' annual report last week.

    That's because the report documented that the program's condition had actually improved in the last year, if modestly.

    More to the point, the trustees' data underscored that the cost of maintaining Social Security benefits at current levels, or even expanding and improving them, is well within the capacity of the American economy at least to the end of this century, which is as far as the trustees looked.

    To be more specific, the trustees project that the depletion of the Social Security trust funds would take place in 2035 — up from 2034 as calculated in last year's report.

    At that point, enough money would be coming, mostly from payroll taxes, to cover 80% of then-scheduled benefits, up from

    You’re reading a preview, subscribe to read more.

    More from Los Angeles Times

    Los Angeles Times2 min read
    Editorial: Biden Expanded Two National Monuments In California. Three More To Go
    President Joe Biden’s move Thursday to expand two national monuments in California is unquestionably good news for our climate and environment. One proclamation will increase the size of San Gabriel Mountains National Monument by nearly one third, ad
    Los Angeles Times4 min read
    Commentary: My Mother Set Herself On Fire. Why Do People Choose To Self-immolate?
    Ten years before I was born, at 4:40 on the morning of Nov. 10, 1971, my mother and another woman sat “yogi-style” on the floor of an Ann Arbor, Michigan, kitchen and lit themselves on fire. They were just blocks from the University of Michigan campu
    Los Angeles Times3 min readCrime & Violence
    UCLA Detectives Use Jan. 6 Tactics To Find Masked Mob Who Attacked Pro-Palestinian Camp
    LOS ANGELES — It is shaping up to be perhaps the biggest case in the history of the UCLA Police Department: how to identify dozens of people who attacked a pro-Palestinian camp at the center of campus last week. The mob violence was captured on live

    Related Books & Audiobooks