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6/12/2004

Social Security Shortfall Lower in CBO Study.

The Washington Post reports that a new CBO study shows Social Security to be much healthier than the earlier SS Trustees report:

Yet the report is expected to project that the system's shortfall over the next 75 years will be about two-thirds the $3.7 trillion estimated in March by the bipartisan trustees who oversee Social Security, the aides said yesterday. The discrepancies are due to differing economic and other assumptions, they said.
This means Social Security's 2042 insolvency, as projected by the trustees, would occur about a decade later, the aides said. The aides differed, however, as to whether the budget office report would predict a later insolvency date or whether the data would simply support that conclusion.

 

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