My first piece over at Forbes focuses on the CBO's new projections for Social Security, which show a substantially larger long-term deficit compared to previous years. Will this spur Congress to action?
Click here to read the whole piece.
Tuesday, June 16, 2015
CBO: Social Security shortfall rises
Click here to read the whole piece.
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Congress needs to act, but all of the reasons that lead to SS costing more just affirm that SS is worth more. Worsening economic conditions in which workers cannot depend on employers to provide pensions, longer lives for which chances of outliving savings are increased, and increased probability of ending up on disability rolls all lead to more need for retirement insurance.
Congress needs to represent workers when addressing the shortfall so that SS can stay a program in balance by workers for workers and therefore be dependable.
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