Wednesday, August 24, 2011

Social Security Is Not the Problem

Jared Bernstein explains Social Security Is Not the Problem "Social Security has a funding shortfall too—about 0.8% of GDP over the 75-year horizon.  That’s just about equal to the revenue from the expiration of the high-end Bush tax cuts, and less than half from all the Bush cuts.  So please don’t tell me we can’t afford this guaranteed pension that provides more than half of their income to more than half of the elderly."

He has more, Social Security: Principles, Facts, and Fixes

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