25 July 2006

Fudging the Numbers: SS, Tax Cuts and Actuarial Science

From "Will the Administration Claim the Cost of Fixing Social Security Rose $700 Billion Because Congress Did Not Act Last Year?", a 1 May 2006 article from the Center on Budget and Policy Priorities:

President Bush and other Administration officials often claim that delaying action on Social Security by "...just one year adds $600 billion [or $700 billion] to the cost of fixing Social Security." Such claims may be repeated on May 1 when the Social Security Trustees release their annual report on the program's finances. Such claims, however, are not accurate.

And, for the curious, the title question is answered in a later article (revised 15 June 2006) titled "What the New Trustees' Report Shows About Social Security", the answer, apparently, being yes.

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