Tag: trust fund depletion
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…
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’ Wall Street Journal op-ed, “Liberals for Social Security Insolvency.” Biggs notes…
