Tag: Social Security finances
The gains could be sizable and the risks are minimal. In a recent Wall Street Journal column, I debated with Michael Tanner of the Cato Institute the merits of investing a portion of the Social Security trust fund in equities. I, of course, think I won that debate! Equity investment would likely increase investment returns,…
CBO’s “taxable ratio” assumption is a big contributor to high long-run deficit. It turns out that the Congressional Budget Office’s assumption about a big decline in the share of earnings subject to taxation is a major driver of the agency’s very high projection of Social Security’s 75-year deficit. Let me explain exactly what t…
