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Wednesday, February 23, 2005

The Social Security Calculator

The Dems recently unveiled a Social Security Calculator. How much do you lose? According to the calculator, I lose $6,200. An explanation of how the calculator works is here, and an explanation of economic assumptions made with the calculator is expounded upon here. I'd be interested to know what the econnomics people who read my blog have to say (hint, Paledorian, hint...) Some on YW have argued that the fundamental flaw with the calculator is that it assumes that Bush will be cutting SS benefits. Maybe this is just stupid but... isn't that the point of Bush's plan - phasing out SS in favour of privitization? Personally, those assumptions make sense to me, but hey, there are those who would argue that that means I 'mindlessly toe the party line'.

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