The Center for Retirement Research has updated their very nice Social Security Fix-It Book. Check it out here.
Wednesday, November 11, 2009
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Occasional comments on the economics and politics of Social Security policy by Andrew Biggs.
The Center for Retirement Research has updated their very nice Social Security Fix-It Book. Check it out here.
1 comment:
What's missing is something that clues readers into the long term purpose of the trust fund - to manage variations from recessions and bubbles. Why not stick with the defined short term actuarial balance as a meaningfull choice point? Raise taxes or lower benefits starting at that point and there is no 'cliff'.
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