FDR signing the 1935 SS Act (click image for person key)

Monday, December 31, 2012

Social Security Roshomon

My first Daily Kos Social Security diary in a while:

Social Security Roshomon: an Actuary, a Defender and a Reformer Meet it begins to explore the implications of the following two figures from CBO

Bottom line: while Chained CPI would be an act of betrayal towards seniors who fully deserve current law scheduled benefits it still would produce a result in the dark gray of Figure 3, meaning a better basket of goods than current retirees get today. And this would likely be still be true after the reset at Trust Fund Depletion shown in Exhibit 4. That is 'Catfood' is simply a useful metaphor for Defenders, it isn't to be taken literally.

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