February 01, 2005
GAO: Social Security a Minor Problem
This GAO report is astonishing, if nothing else for the personal voice of the Comptroller General basically screaming that we are facing a fiscal train wreck. But this line has got to hurt (p. 12), discussing the analysis of a broad range of folks involved in the report's conclusions:
Participants acknowledged the need for Social Security reform but emphasized that Social Security is a relatively small part of the long-term fiscal challenge when compared to spending on health care. One participant noted that the estimated Social Security shortfall is about one-third the estimated cost of recent tax cuts if made permanent.Repeat that-- No Permanent Tax Cuts, Social Security "crisis" Solved.
Posted by Nathan at February 1, 2005 01:34 PM