Tag: CBO flap

Two businessmen handshaking in meeting

So as to not lose my few remaining readers, I would like to wind up the discussion of Social Security replacement rates.  And I think that I can do that on a positive note.  The Congressional Budget Office (CBO) “flap,” where the agency admitted that it had miscalculated replacement rates, suggests two pieces of good…

Close up of rifle scope hunting on wooden ammonition background

The Congressional Budget Office (CBO) produced a report in December that showed Social Security is very expensive – a huge 75-year deficit – and very generous – extraordinarily high benefits relative to pre-retirement earnings (replacement rates).  These two developments together could set the stage for cutting back on Social Security – something this country can…