Tag: social security financing
CBO helpful for budget debates, but not for Social Security projections. I seem to be spending a lot of time on Social Security lately, as a barrage of articles, op-eds, and blogs contend that the program is dramatically more generous than we thought and in much worse shape. The most recent missile is Andrew Biggs’…
The brief’s key findings are: The 2014 Trustees Report shows little change from last year: Social Security’s 75-year deficit rose modestly to 2.88 percent of payroll. But the deficit as a percent of GDP is still 1 percent. And trust fund exhaustion is still 2033, after which payroll taxes still cover about three quarters of…
