Tag: deficit estimate
As a former chair of the Social Security Advisory Board’s Technical Panel, I am always interested in new projections of Social Security’s 75-year deficit. The 75-year deficit is the difference between the present discounted value of scheduled benefits and the present discounted value of future taxes plus the assets in the trust fund. The deficit…
My sense is that Social Security may be at risk after the November elections. Critics are writing op-eds saying that benefits – relative to previous earnings – are very high, and the Congressional Budget Office (CBO) has come out with an astounding estimate of the 75-year deficit. The stage is being set for benefit reductions.&nbs…
