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View Diary: Barney Frank: Save Social Security by making the near rich pay a little more (146 comments)

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  •  Oh, and your claim about the economic forecasting (0+ / 0-)

    being prudent is irrelevant - because it doesn't speak to the assumptions behind the forecasts. If you dig into the numbers, the projections about SS and Medicare's futures are based on long term GDP and wage growth rates that are abysmal; Medicare's assumptions are compounded with unrealistic assumptions about interest rates and the % of GDP spent on medical care growing without limit (an obvious absurdity).

    As for the numbers being stable for a decade, that's bullshit. Going back to the Greenspan reform, the "SS runs out of money date" has always been "25 years from now", plus or minus a few, precisely because the economic projections used by the SS Trustees are so unrealistically dismal; the economy always outperforms the projections, and the "insolvency" date gets pushed off. The only reason they've been stable recently is because, for once, because of the Great Recessions, our economic growth rates have mirrored the assumptions the SS trustees use.

    There have been multiple diaries on this subject by Bruce Webb, the front pagers, and the like. Fucking read them before you start pretending to be informed enough to sniff out trolls.

    Non enim propter gloriam, diuicias aut honores pugnamus set propter libertatem solummodo quam Nemo bonus nisi simul cum vita amittit. -Declaration of Arbroath

    by Robobagpiper on Wed Jan 09, 2013 at 02:29:37 AM PST

    [ Parent ]

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