The Democratic leadership in the Senate has unveiled the Social (In)Security Calculator.
The calculations used are based on the nonpartisan Congressional Budget Office's economic assumptions, and have been adjusted for inflation.
posted by Scott @ 3:24 PM
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The calculations used are based on the nonpartisan Congressional Budget Office's economic assumptions, and have been adjusted for inflation.Actually the calculator was specifically designed to make it look like privatization loses money in every situation, which is a very partisan approach.
For further analysis see my blog
The most reasonable analysis of all of these calculators I've seen was done last week by Kevin Drum.It's debatable whether the Democrats' 2.7% return estimate is too pessimistic. However, CATO assumes at least a 4.95% return which seems to me to be pretty obvious wishful thinking.
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