Friday, December 17, 2010

Md Congressman Hoyer says Social Security is paid for through 2037

Robert Weiner, formerly of the House Aging Committee, quizzes Maryland Democratic congressman Steny Hoyer in the Washington Post, p. A31 today, Friday, Dec. 17, link here.

Hoyer says that Social Security is paid for through 2037, and 25% short at most after that. It’s not the cause of the deficit. Medicare is much more problematic.

Still, a search on Hoyer shows that he does favor a more “progressive” system, with less for wealthier retirees, and looks on it as a tax rather than an “annuity.”

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