Thursday, June 2, 2016

President Obama Throws in the Towel on Social Security Reform

My thoughts on President Obama’s endorsement of Social Security expansion, over at Forbes.

growth of social security unfunded obligation under obama

2 comments:

Ken Piper said...

Seems like you kind of conveniently forgot the Grand Bargain negotiations between Speaker Boehner and President Obama regarding Social Security...

Andrew G. Biggs said...

Except for the mention of the chained CPI, which was the Social Security portion of the negotiations. Although even that overstates it a bit, since the real priority (for both POTUS and the Congressional GOP) was a 10-year budget number, which COLA cuts can contribute to, not so much Social Security financing.