Brenton Smith

Brenton Smith (A.K.A. Joe The Economist) writes nationally on the issue of Social Security reform with work appearing in Forbes, FedSmith.com, MarketWatch, TheHill.com, and regional media like The Denver Post.

Confessions of a Social Security Mooch

By on January 15, 2015 in Current Events with 0 Comments

The author says that Social Security is a financial system which basically takes a dollar in and ships a dollar out, and somebody has to make money if somebody else is losing money. He elaborates on this concept by way of a personal example.

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Kicking the SSDI Can Down the Road

By on January 12, 2015 in Current Events with 0 Comments

The author says that new rules adopted by the House do not change the math of Social Security. The rules are a resolution in which the GOP tells voters that it will have the courage in the future to prevent the can to be kicked again. Whether the GOP does or not will be tested in the year ahead.

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A Penny For Your Thoughts

By on January 9, 2015 in Current Events with 0 Comments

The author says that use of the penny and the nickel are rapidly losing ground to electronic currency, so much so that he says it no longer makes sense to keep them in circulation.

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Predicting Social Security's Financial Imbalance

By on December 2, 2014 in Retirement with 0 Comments

The author writes about a prediction made by one person in the 1940s about the future of Social Security that, in hindsight, has turned out to be remarkably accurate. He explains why Americans should pay attention to the warnings that were issued so many years ago.

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Social Security's Means Test

By on October 27, 2014 in Current Events with 0 Comments

Very little in the U.S. tax code draws the ire of taxpayers and creates the confusion of the taxation of Social Security benefits. The author provides details about the taxes surrounding Social Security in an attempt to clear up some of the confusion.

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Election Season and Social Security Don’t Mix

By on September 30, 2014 in Retirement with 0 Comments

The author says that as election season gears up, politicians are ignoring the real problems with Social Security and instead making empty promises that cannot be kept in order to get elected.

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Does Social Security Impact the Federal Deficit?

By on September 21, 2014 in Current Events with 0 Comments

Over the past two weeks, the discussion about Social Security and its impact (or lack thereof) on the federal deficit degenerated into a full blown ‘does so’ – ‘does not’ school yard shouting match. The author analyzes the validity of the claims each side is making.

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Reasons Not to Raise the Social Security Cap

By on August 25, 2014 in Retirement with 0 Comments

The author says that while the idea of exposing all wages to payroll taxes is one of the more popular policy options in the Social Security debate, it is bad policy that will only serve to further destabilize the system over time. He also says that any taxes used to pay for Social Security must be levied on all Americans.

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The Third Rail is Running Out of Track

By on July 30, 2014 in Retirement with 0 Comments

The finances of Social Security are such that most Americans now expect to see benefits cut in their lifetime. Separately, there are few options which insulate voters from the impact of the changes necessary to preserve the system. The author says that the day of reckoning is fast approaching for Social Security.

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The Risks of Privatizing Social Security

By on July 6, 2014 in Current Events with 0 Comments

The author says that the notion of privatizing Social Security will not improve the financial prospects of the program.

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