The Primary Cause of Social Security's Bleak Outlook Is Upward Redistribution

In an article on the release of the 2012 Social Security trustees report the Washington Post told readers that:


"Social Security’s bleak outlook is primarily driven by the ever-larger numbers of people in the baby boom generation entering retirement."


Actually the fact that baby boomers would enter retirement is not news. Back in 1983, the Greenspan Commission knew that the baby boomers would retire, yet they still projected that the program would be able to pay all promised benefits into the...

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Published on April 24, 2012 03:27
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