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.

Does Social Security Impact the Federal Deficit?

By on September 21, 2014 1:20 PM 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 3:54 PM 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 2:24 PM 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 11:51 AM 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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Going in the Wrong Direction

By on May 27, 2014 2:22 PM in Retirement with 0 Comments

Americans face a growing risk that they will outlive their savings during retirement. The author says that the proposals to address this risk are wrong.

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Drawbacks to Marco Rubio's Social Security Proposals

By on May 15, 2014 4:52 PM in Retirement with 0 Comments

Senator Marco Rubio (R-FL) outlined a number of reforms for Social Security in a speech this week. The author says that while well intentioned, Rubio’s proposals would actually make Social Security less solvent.

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Did Lyndon Johnson Steal From the Social Security Trust Fund?

By on May 8, 2014 5:27 PM in Retirement with 0 Comments

The author says that a pervasive online myth is that Lyndon Johnson stole money from the Social Security trust fund in order to pay for the Vietnam war.

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Social Security: The 3rd Rail of Politics

By on April 6, 2014 4:03 PM in Retirement with 0 Comments

The author says that the House budget proposal released recently isn’t about the math of Social Security, but rather just about the politics of the debate over what to do with the program.

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The Impact of Life Expectancy on Social Security

By on March 18, 2014 3:46 PM in Current Events, Retirement with 0 Comments

The author says that increasing life expectancies in America creates two financial burdens for Social Security and offers some detail on what this means.

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The Impact of Time on Social Security

By on December 22, 2013 2:01 PM in Retirement with 0 Comments

The author says that the more time that goes by, the worse off financially the Social Security program becomes. He argues that politicians need to work on a fix before it’s too late.

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