Tag: Congressional Budget Office
We need to get our fiscal house in order, not make matters worse. In this new world, I have expanded my podcast listening to try to understand the other team. High on my list is “All In” – originally a group of four high-tech venture capital hosts, so clearly smart guys and very rich. Right…
We know what we are dealing with, and can take steps to address it. The key metric used to summarize Social Security’s financial status is the 75-year deficit. This number is the present discounted value of scheduled taxes (plus the existing trust fund) minus the present discounted value of scheduled benefits divided by the present…
