Social Security’s One-Two Punch

You may not think of Social Security as an economic stimulus program, but it is. A new report from AARP, in fact, shows that every $1 paid out by Social Security generates, in turn, about $2 of total output for the U.S. economy – or nearly $1.4 trillion in 2012. Economists call this the “multiplier effect.” Simply put, that’s when one person’s spending (in this case, spending generated by Social Security benefits) becomes a second person’s income, then the second …

Why Is Social Security Stockpiling Bullets?

Granny, get your gun? The Internet rumor mill has been buzzing in full force after the Social Security Administration posted notice of a recent ammunition purchase. Why would the agency responsible for pension and disability benefits need 174,000 hollow-point bullets?

The Takeaway: Weekend Edition

We’re not sure if the Catchup Advisory Board approves, but the big news this week was Garrison Keillor announcing plans to bid adieu to Lake Wobegon and A Prairie Home Companion after nearly 37 years.  Judging by the response to his plans, he’ll surely be missed. Why now? “I sure don’t want to make a fool of myself and be singing romantic duets with 25-year-old women when I’m 75.” (Um … that’s a bad thing, Garrison?)

Sign up for Medicare…Online!

Signing up for Medicare has never been easier. Last week marked the beginning of a new way for older adults to enroll for Medicare — on the internet. Patricia Barry reports: This new kind of application “will make it easier than ever to sign up for Medicare,” said Social Security Commissioner Michael J. Astrue at the program’s launch in Los Angeles. The rollout will be promoted in advertising spots featuring actress Patty Duke and the cast of her 1960s sitcom …