Boston U. Econ. Prof. calculates $202 Trillion US Fiscal Gap

[CA renter]

Totally agree with your solution, UCGal, and might also include investment income as long as the payer qualifies for SS.

[davelj]

I would be in favor of doing both. That is, raise the age at which folks start receiving benefits AND raise the ceiling on which the taxes are levied. However… I’d prefer not to raise the ceiling on the portion that employers pay, but rather just raise the ceiling on the portion that individuals pay. What I’m NOT in favor of is raising the actual rates themselves, as that hits the middle class the hardest… the very group that’s fared the worst over the last 30 years.

[davelj]

I would be in favor of doing both. That is, raise the age at which folks start receiving benefits AND raise the ceiling on which the taxes are levied. However… I’d prefer not to raise the ceiling on the portion that employers pay, but rather just raise the ceiling on the portion that individuals pay. What I’m NOT in favor of is raising the actual rates themselves, as that hits the middle class the hardest… the very group that’s fared the worst over the last 30 years.

[davelj]

I would be in favor of doing both. That is, raise the age at which folks start receiving benefits AND raise the ceiling on which the taxes are levied. However… I’d prefer not to raise the ceiling on the portion that employers pay, but rather just raise the ceiling on the portion that individuals pay. What I’m NOT in favor of is raising the actual rates themselves, as that hits the middle class the hardest… the very group that’s fared the worst over the last 30 years.

[davelj]

I would be in favor of doing both. That is, raise the age at which folks start receiving benefits AND raise the ceiling on which the taxes are levied. However… I’d prefer not to raise the ceiling on the portion that employers pay, but rather just raise the ceiling on the portion that individuals pay. What I’m NOT in favor of is raising the actual rates themselves, as that hits the middle class the hardest… the very group that’s fared the worst over the last 30 years.

[davelj]

I would be in favor of doing both. That is, raise the age at which folks start receiving benefits AND raise the ceiling on which the taxes are levied. However… I’d prefer not to raise the ceiling on the portion that employers pay, but rather just raise the ceiling on the portion that individuals pay. What I’m NOT in favor of is raising the actual rates themselves, as that hits the middle class the hardest… the very group that’s fared the worst over the last 30 years.

[weberlin]

Professor Kotlikoff actually replied to my request for data. I’ve posted the spreadsheet on Google

https://spreadsheets.google.com/pub?key=0Ag6gNtHjg5m8dEVOQUxZS25oTmpNcVdTbHlOSmZmX0E&output=html

According to the professor, the calculations are on the ‘Economic Variables’ tab; the $202 Trillion figure is in column ‘Fiscal Gap at 3%’ for the 2010 calendar year.

[weberlin]

Professor Kotlikoff actually replied to my request for data. I’ve posted the spreadsheet on Google

https://spreadsheets.google.com/pub?key=0Ag6gNtHjg5m8dEVOQUxZS25oTmpNcVdTbHlOSmZmX0E&output=html

According to the professor, the calculations are on the ‘Economic Variables’ tab; the $202 Trillion figure is in column ‘Fiscal Gap at 3%’ for the 2010 calendar year.

[weberlin]

Professor Kotlikoff actually replied to my request for data. I’ve posted the spreadsheet on Google

https://spreadsheets.google.com/pub?key=0Ag6gNtHjg5m8dEVOQUxZS25oTmpNcVdTbHlOSmZmX0E&output=html

According to the professor, the calculations are on the ‘Economic Variables’ tab; the $202 Trillion figure is in column ‘Fiscal Gap at 3%’ for the 2010 calendar year.

[weberlin]

Professor Kotlikoff actually replied to my request for data. I’ve posted the spreadsheet on Google

https://spreadsheets.google.com/pub?key=0Ag6gNtHjg5m8dEVOQUxZS25oTmpNcVdTbHlOSmZmX0E&output=html

According to the professor, the calculations are on the ‘Economic Variables’ tab; the $202 Trillion figure is in column ‘Fiscal Gap at 3%’ for the 2010 calendar year.

[weberlin]

Professor Kotlikoff actually replied to my request for data. I’ve posted the spreadsheet on Google

https://spreadsheets.google.com/pub?key=0Ag6gNtHjg5m8dEVOQUxZS25oTmpNcVdTbHlOSmZmX0E&output=html

According to the professor, the calculations are on the ‘Economic Variables’ tab; the $202 Trillion figure is in column ‘Fiscal Gap at 3%’ for the 2010 calendar year.

[blahblahblah]

Clearly social security and medicare must be abolished.

Of course SSDI and MDCR payroll contributions will need to continue in order to fund government operations. Perhaps the acronyms can be re-assigned:

SSDI – Slave Servitude Debt Interest
MDCR – Mass Debt Community Repayment

[blahblahblah]

Clearly social security and medicare must be abolished.

Of course SSDI and MDCR payroll contributions will need to continue in order to fund government operations. Perhaps the acronyms can be re-assigned:

SSDI – Slave Servitude Debt Interest
MDCR – Mass Debt Community Repayment

[blahblahblah]

Clearly social security and medicare must be abolished.

Of course SSDI and MDCR payroll contributions will need to continue in order to fund government operations. Perhaps the acronyms can be re-assigned:

SSDI – Slave Servitude Debt Interest
MDCR – Mass Debt Community Repayment

[blahblahblah]

Clearly social security and medicare must be abolished.

Of course SSDI and MDCR payroll contributions will need to continue in order to fund government operations. Perhaps the acronyms can be re-assigned:

SSDI – Slave Servitude Debt Interest
MDCR – Mass Debt Community Repayment

[Author]

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