Planet Planning

Social Security

Analysis of the Social Security Trustees Report

April 23, 2012

Today, the Social Security and Medicare Trustees released their 2012 report on the financial status of Social Security and Medicare, showing that reforms will be needed soon to make these programs sustainable.

Subsequent analysis will focus on the state of Medicare. Looking at the Social Security Trustees report, we find that:

Social Security as a whole is on an unsustainable path. The program faces an actuarial imbalance of 0.96 percent of GDP (2.67 percent of payroll) over 75 years and a deficit of1.54 percent of GDP (4.5 percent of payroll) in the 75^thyear.

Social Security's financial status has deteriorated significantly since last year's report -- when the 75-year shortfall was projected to be 0.8 percent of GDP and 2.22 percent of payroll. This difference is due mainly to changes in economic assumptions resulting in lower income projections.

As a whole, the Social Security trust funds will be exhausted by 2033 -- compared to 2036 in last year's report -- at which point all beneficiaries will experience a 25 percent benefit cut.

Click here to read the online version of this release.

Go Ahead.. Push the Button!

Labels: Fun

Thanks to Ken Zalga for sharing. Where does he find this stuff?

Chrg Me

Interesting article in the Economist on the environmental impacts of electric cars versus fossil fuel cars. The issue is complex.

Click to read the article.

Norwegian Northern Lights

Click to Watch the Video

showmystreet.com

Google has improved their program called showmystreet.com

You type in your address and it shows you a map, satellite photo, and a photo of the home. You can look your home from a variety of angles and drive down the street.

http://showmystreet.com/

The photo above is taken from show my street, and shows the Irish Castle in the Morgan Park neighorhood in Chicago, Illinois.

Another view of the Castle from Show My Street.

I don't suppose it covers every street in the United States, but it covers everyone I have searched for, including my Dad's home town of Vivian, South Dakota, population 119.