All Commentary
Thursday, March 25, 2010

First Deficit Hits Social Security Early

“The bursting of the real estate bubble and the ensuing recession have hurt jobs, home prices and now Social Security. This year, the system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016, according to the Congressional Budget Office.” (New York Times, Thursday)

Uh oh.

FEE Timely Classic
“Making Social Security More Harmful” by J. R. Clark and Dwight R. Lee