Tag: Social Security in the Cross Hairs
The Congressional Budget Office (CBO) has become a major player in the effort to show that Social Security is very expensive – huge 75-year deficit – and very generous – extraordinarily high benefits relative to pre-retirement earnings (replacement rates). These two developments together set the stage for cutting back on Social Security – something this…
The stage is being set for cuts in Social Security, and the Congressional Budget Office (CBO) has become a major player in this effort. The agency’s most recent report shows not only a huge increase in the 75-year deficit, but also an enormous increase in the generosity of the program as measured by replacement rates…
