Tag: deficit estimate
The Agency’s Estimates Have Tripled in 7 Years Without Any Policy Changes 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 valu…
New estimates make the problem sound insoluble. 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. T…
