Archive: Alicia H. Munnell
It’s good policy and would restore confidence in America’s most important program. Recently, the Congressional Budget Office (CBO) released its budget projections. Unsurprisingly, the outlook is dismal. And it is somewhat more dismal than last year. The net result is that deficits as a percentage of GDP will rise from 5.8 percent in 2026 to…
Did policymakers in 1983 do a good job fixing Social Security? The impending exhaustion of Social Security’s retirement trust fund in 2033 has stimulated a lot of commentary. One strain focuses on actions taken in 1983 – the last time Congress addressed the program’s finances. In terms of outcomes, some commentators conclude that Congress did…
