No matter how many times you try to kill the mythical Social Security crisis, it just keeps coming back.
David Ignatius:Pelosi describes with relish her strategy for trouncing Bush’s plan to privatize Social Security — which was to blast it mercilessly, without offering an alternative. The implicit message is that negotiation and compromise are for losers. The reality that Social Security is facing bankruptcy seems not to interest either Pelosi or Reid.The Congressional Budget Office:CBO’s projections indicate that future Social Security beneficiaries will receive larger benefits in retirement—and will have paid higher payroll taxes—than current beneficiaries do, even after adjustments have been made for inflation and even if the scheduled payments are reduced because the trust funds are exhausted.
Oh, and CBO projects that the trust funds will last until 2049.
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Jim Nichols
A Speculative Fiction
www.JimNichols4.com
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