This article originally appeared on AmericanThinker.Com.
The 2015 Trustees Report for the Social Security Trust Fund showed a surprising improvement. The combined Trust Funds are projected to be exhausted in early 2034. It is surprising in part because CBO's projections showed continued deterioration.
Where did the improvement come from. In large part the Trustees now forecast substantially lower costs. This is the number of checks issued, and their size. That savings, along with the interest on the savings, largely explains the entire improvement, about $500 billion in Trust Fund balances.
What is not well reported is that the Trustees turned more negative on the next 10 years, particularly on the revenue side. The 10 year forecast is basically the same as last year. So the improvement that is forecast are in jobs that don't exist, and pay raises that will not be considered in the coming decade. Let's hope that the Trustees are right.
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