Blahous & Nystrom push back on "The Myth of 2016,"

Recently, Barron's published a column titled "The Myth of 2016" arguing that Social Security is likely to remain solvent longer than most experts suppose. Now Chuck Blahous, a senior fellow at the Hudson Institute, and Scott Nystrom, editor of the Self Directed Investor, push back in Forbes magazine, arguing that things could easily turn out to be worse than forecast. They say:

"Doubters of the findings in the 2009 annual report on the status of Social Security and Medicare trust funds believe that the moment when Social Security goes broke might recede much farther into the distance if only the trustees would change some of their unnecessarily conservative assumptions on economic growth incorporated in their latest report. This is counterproductive folklore. It has set back efforts to repair the program's finances, and such delays have added enormously to the eventual cost of fixing the program."

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