Tag: Chief Actuary
A mix of tolerable benefit cuts and realistic revenue increases would make everyone better off. In early January, Social Security’s Chief Actuary released estimates of a comprehensive proposal to restore long-term balance to the program. The request for this estimate was submitted by Rep. Steny Hoyer (D-MD), but the proposal was constructed by Wendell Primus,…
Analysts score the bill similarly, but financial effects vary dramatically. A reporter called recently with a question about the impact of the Social Security 2100 Act, proposed by Representative John Larson (D-CT and Chairman of the House Ways and Means Social Security Subcommittee) and others. Apparently, the Congressional Budget Office (CBO) and the Social Security…
