by Bruce Webb Well surprising to me anyway. The 2009 Social Security Report projected a 75 year actuarial gap for combined OASDI of 2.00%. Between the structural change involved in changing the valuation period (as 2009 drops off and a new year 75 is added) and the current recession cutting into revenues I fully expected […]
by Bruce Webb Hot off the press. PDF of the 2010 Social Security Report: http://www.ssa.gov/OACT/TR/2010/tr10.pdf News Release: http://www.ssa.gov/pressoffice/pr/trustee10-pr-alt.pdf HTML version: Social Security Board of Trustees: Long-Range Financing Outlook Remains Unchanged Boy that title blew me away, as did the initial numbers: The Social Security Board of Trustees today released its annual report on the financial […]
by Bruce Webb First and foremost the long-awaited Social Security Annual Report will be released at noon Eastern on Thursday Aug. 5th. If the release holds true to form it will also go live to the web at that same time. I will have a breakout of the Report at my blog 2010 Social Security […]
by Dale Coberly “SOCIAL SECURITY POLICY OPTIONS” JULY 2010 A USER FRIENDLY GLOSS ON THE CBO REPORT The first thing that strikes me about the CBO report is that the language is unnecessarily negative. They tell you that Social Security is running out of money. They tell you this three times in three ways. They […]
by Bruce Webb (My God, can we get any more jargony and wonkish? Well “Si, Si, Puede!”) When the Greenspan Commission was convened back in 1982 Social Security scoring started and stopped with the SSA Office of the Chief Actuary who are also tasked with researching, compiling and presenting the Annual Report for review and […]
by Bruce Webb In 2003 CBO published an Issue Brief illustrating the relative contribution of Aging and Real Benefit Growth to future Social Security spending called The Future Growth of Social Security: It’s Not Just Society’s Aging with results graphed above:. Discussion under the fold. Approximately 55 percent of the higher spending is due to […]
and nobody notices, did it really disappear? by Bruce Webb I started reading the Annual Report of the Trustees of Social Security in 1997 and awaited its typical March 31st release date each year since with eager anticipation. To the point that last year I put up a post that morning called Bestest Day of […]
by Bruce Webb In response to my Pelosi Rule post of yesterday commenter Darms plays Devil’s Advocate in asking the following shrewd question. Bruce, Since the commision may be looking for a mechanism to delay redemption of those SS trust fund bonds and I’ve read that some of these bonds are routinely redeemed & renewed […]
by Bruce WebbFollowing up on the publication of CBO’s Long Term Budget Outlook (see previous two of my posts) CBO yesterday published Social Security Policy Options (Summary for Web) and Social Security Policy Options (Full 51 pg PDF) scoring various revenue and spending cut measures that have been proposed for Social Security. The included Table […]
Under CBO’s ‘Extended Baseline’, i.e. roughly Current Law the 75 year actuarial gap is up to 1.6% from 1.3% and the date of Trust Fund Exhaustion moved back from 2043 to 2039. Under the ‘Alternative Fiscal Scenario’ the corresponding numbers are 2.1% and 2037 or right in line with the Social Security Trustees 2009 projections. […]