The Return of the Zombie

The Congressional Budget Office estimates that there is only a 7% probability that someone born in 2000 will receive their Social Security benefits as promised today. The better news is that with a probability of 58% the cut in benefits will be 20% or less.

Since the CBO isn’t trying to predict future policy, these "probabilities" should be taken with more than a grain of salt.  Sill these numbers are an arresting way of presenting the basic data on projected Social Security revenues and scheduled payments. 

Hat tip to Paul Krugman.


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