In its latest projection, the Congressional Budget Office found that the Social Security Trust Fund had $1 trillion less than expected. Seems it always happens this way. When will Washington recognize that the problem is the model?
In an A1 story Friday by IBD's Jed Graham, the nonpartisan Congressional Budget Office said it now expects the supposedly vaunted and unsinkable trust fund to peak in 2018 and then decline to $2.7 trillion by 2022.
That's a trillion dollars less than what was projected to be in the pot last year...
The question remains what to do about it:
Continue on as if nothing has happened — which is President Obama's "solution"?
Wednesday, February 08, 2012
That would be the current social security model: