Freeing Boomers From Social Security Cuts Blows Up Math
MEDIA CLIPPING
Bloomberg
Freeing Boomers From Social Security Cuts Blows Up Math
This excerpt originally appeared in Bloomberg on April 26, 2012.
The trustees said once the trust fund is depleted, incoming revenue will be enough to cover only three-quarters of scheduled benefits. That means if Congress doesn’t act, after that payments would be cut by 25 percent for all beneficiaries including “the poor 95-year-old widow,” said Chuck Blahous, one of the program’s trustees.
