As usually happens when a bit more hard data comes in and replaces pessimistic prognostication, the Social Security gotterdammerung gets pushed back even further. So says the CBO today. This time from 2018 to 2020, as the date that Social Security will begin drawing on its accumulated Trust Fund money.
It’s a small nudge, but a telling one.
The program is in such a dire state of crisis, it would seem, that every time the bean counters run the numbers, its solvency seems assured even further into the future.
As in Iraq, you start to understand that there is a Social Security crisis. The longer President Bush waits, the more likely it is that even rosier numbers will come out on Social Security’s long-term financing.
There really isn’t a moment to lose.
