Social Security: ‘The Numbers Are Ugly’

Brad DeLong, Why Oh Why Are We Ruled by These Fools? (Yet Another Social Security Edition):

Ah. It becomes clearer and clearer why nobody in the administration who knew anything about Social Security substance was trotted out the week before last to provide details on Bush's endorsement of Pozen's “progressive price indexing.” The numbers are ugly.

Jason Furman has the details. And they are indeed ugly.

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