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Social Security & Medicare

FogerRox

(13,211 posts)

3. The basic premise is entirely up to date

Reply to Hoyt (Reply #2)

Thu Mar 14, 2013, 08:12 PM

Mar 2013

An actuary's job is to provide a very conservative financial estimate. And the GOP has used this as part of their playbook since the Lenenist Strategy was published by CATO in 1983.

Post 1983, Social Security was never intended to survive 25 years of recession, and that is what it will take to deplete the SS trust fund by 2033.

Baker said it then and says it now. Not even Krugman can hold a candle to Baker when it comes to SS.

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Highlight:

much-forecast insolvency of the Social Security system by about 2030 is most unlikely to happen [View all] FogerRox Mar 2013 OP

K&R drm604 Mar 2013 #1

To be fair, I don't think anything written in 1999 is applicable in today's economy. Hoyt Mar 2013 #2

The basic premise is entirely up to date FogerRox Mar 2013 #3

Reason why there is less money than expected. Disheartened7 Nov 2013 #4

Communist lovers? cyberswede Nov 2013 #5

Maybe Walmart since they use cheap Chinese labor and get lots of tax deductions? uppityperson Nov 2013 #8

Where are we "subsidizing Communism" - TBF Nov 2013 #6

Welcome to DU. What entitlements do you mean? I agree that we need the jobs and outsourcing to uppityperson Nov 2013 #7

welcome to DU gopiscrap Nov 2013 #10

Great piece. Thanks for the snag. pinto Nov 2013 #9

Well, if it does happen, I'm not going to worry because RebelOne Nov 2014 #11