http://www.cbo.gov/sites/default/fil...-QFR_Hatch.pdfConsidering the two trust funds together, to bring the OASDI program as a whole into actuarial balance through 2087 with the taxable maximum set according to current law (labeled Option 1 in Tables 1 and 2), the combined OASDI payroll tax rate could be
permanently increased by about 3.5 percentage points, by CBO’s estimate. Under that option, the combined OASDI payroll tax rate would rise from 12.4 percent to 15.9 percent in 2015.
So, no, it wasn't out of a hat, it was based on your source. You know, the one you used to create the misleading headline.
We shouldn't pretend that we have any idea where Social Security is going regardless of what the headline says.
So when you want to push the narrative that SS is going bust it's okay to use the CBO's numbers, but when it comes time to play the hypothetical scenario game, suddenly the CBO's numbers aren't good enough?
No, I'm telling you that claiming a pay as you go system is going bust is false and pushes a false narrative toward people who don't seem to understand how Social Security works. You shouldn't do that. You should educate, not spread FUD.You are basically suggesting that future voters are going to be more willing to pay taxes that we wouldn't.