Economy: Economic News, Policy & Analysis - The Washington Post: Fixing Social Security

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Fixing Social Security Apr 27th 2012, 02:58 Well, there's at least one virtue to the depressing numbers that Social Security's trustees unveiled last week — they prove that I was right. In February I wrote that the system's finances had deteriorated badly, due largely to the energy price boosts created by the Arab Spring. And so they have: Those increases were the primary factor in Social Security's inflation adjustment hitting 3.6 percent this year rather than the 0.7 percent baked into the trustees' 2011 report. That added significant costs to Social Security, but little or nothing in the way of added revenue to help offset them. Read full article >>

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