Wednesday, March 23, 2005

This is the best they can do?
The social security trustees' report is out. They plied the numbers (by, for instance suddenly deciding that we're all going to live longer than they thought we were last year) and the best they can do is roll back the year in which the trust fund runs out from 2042 to 2041. Naturally, the media's take bears a shocking resemblance to the White House statement: the deadline's getting closer!! Nevermind that they changed the rules, and that it's not getting much closer.

At Mother Jones' blog, Bradford Plumer covers some details, and points to this handy graph that shows that even with the strangely pessimistic new assumptions even the Trustees' report concedes that the long-term stability of the social security fund appears stronger than it did only last year.

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