The Continued Ignoring of Social Security’s Problems
The Oklahoman Editorial Board writes here that both parties continue ignoring any changes to Social Security, despite the program facing partial insolvency by 2034. Morgan Stanley’s December report suggested that faster growth should delay Social Security’s insolvency “perhaps by decades.” More people would pay in, but more would be due benefits later as well. That embolded those who say “leave things alone.” But, Charles Blahous, a highly respected senior research strategist at the Mercatus Center and former public trustee for Social Security and Medicare, poured cold water on the study, noting even if its overly rosy scenarios all came true, the Social Security Trust Fund might gain a few more years solvency, at best. Read the full piece here.