Actually the contradiction is more blatant now, since
the Congressional Budget Office is projecting 2.8%
real growth for the indefinite future, and the Social
Security actuaries 2.0%. Over long time periods this
makes a huge difference. As Dean Baker pointed out
in his piece last week, under CBO assumptions the
Trust Fund is solvent an extra decade or more (until
about 2050).
mbs
>>>>>>>>>>>>>
there is definitely a contradiction between the heated rhetoric of the US
"new economy" with allegedly accelerating labor productivity growth and the
pessimistic nonsense about the social security system going belly-up
because of slow economic growth, necessitating increases in retirement ages
and similar cut-backs.
Jim Devine [EMAIL PROTECTED] &
http://clawww.lmu.edu/Faculty/JDevine/JDevine.html
