Wednesday, March 23, 2005

Numbers, numbers, numbers...numbers everywhere!

The Social Security Trustees released a new report today on the state of the Social Security system. Some interesting numbers:

The report also shows the 75-year unfunded liability of Social Security increased from $3.7 trillion last year to $4.0 trillion today.

The present value unfunded liability over an infinite horizon increased by $700 billion from $10.4 trillion in 2004 to $11.1 trillion today.

I remain convinced that one cannot repeat the term 'unfunded liability,' too often in this debate.

"Move along! Nothing to see here, move along!"

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