Afternoon Must-Read: Alicia Munnell: Dueling Data Muddies Social Security Debate

Alicia Munnell: Dueling Data Muddies Social Security Debate: “The most recent missile is Andrew Biggs’ Wall Street Journal op-ed…

…’Liberals for Social Security Insolvency’. Biggs notes that 75-year Social Security deficit projections by the Congressional Budget Office (CBO) have nearly quadrupled between 2008 and 2014… to argue that it is foolish to put forth proposals to expand the program. The angle that I find the most disturbing is the suggestion that Social Security costs bounce around, that we don’t really know what’s going on, and that six years from now they could quadruple once again. Nothing could be further from the truth…