"But what if something that "everybody knows" turns out to be a political myth? What if Social Security isn't in trouble at all?
Ten years ago Social Security trustees predicted that the system would become insolvent in 35 years, meaning 2029. Five years later they were still predicting that insolvency was 35 years away - doomsday had been postponed to 2034. Today, they're predicting that insolvency is 38 years away, in 2042.
How could the trustees have been so continually wrong?"
"Kick the darkness till it bleeds daylight." - Bruce Cockburn
Thursday, December 30, 2004
Social Security
Kevin Drum explains it all for you.
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