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Harvard, Dartmouth: Social Security forecasts have been too optimistic — and increasingly biased
By Ed Morrissey, May 9, 2015, HotAir.com
Republicans have tried a decade ago to reform the Social Security system, warning that the program would tip over into the red earlier than expected and the trust fund would entirely dissipate while some current recipients were still alive to see it. Democrats led by Harry Reid and Nancy Pelosi claimed the crisis didn’t exist when George W. Bush proposed limited privatization options, and the 2008 financial-sector crash put an end to further GOP reform efforts. Studies from Harvard and Dartmouth this week corroborate Bush’s warnings on Social Security, and further accuse the SSA of increasing bias in its analyses in order to maintain the illusion of a slower decline:
Republicans have tried a decade ago to reform the Social Security system, warning that the program would tip over into the red earlier than expected and the trust fund would entirely dissipate while some current recipients were still alive to see it. Democrats led by Harry Reid and Nancy Pelosi claimed the crisis didn’t exist when George W. Bush proposed limited privatization options, and the 2008 financial-sector crash put an end to further GOP reform efforts. Studies from Harvard and Dartmouth this week corroborate Bush’s warnings on Social Security, and further accuse the SSA of increasing bias in its analyses in order to maintain the illusion of a slower decline:
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