FUN WITH ACTUARIES….Here’s an interesting little nugget of information about Social Security forecasts for you. As you know, each year the Social Security actuaries produce forecasts of future economic growth, which in turn feed into forecasts of the overall health of the Social Security system. But they don’t just produce a single forecast, they produce a range of forecasts.
So out of this range, who is it that decides which forecast makes it into the annual report? It turns out it’s not the actuaries, it’s the Social Security trustees themselves, who are all political appointees. Isn’t that interesting?
Now, I’m not saying that the trustees have a political agenda and might try to keep the forecasts as bleak as possible in order to keep Social Security crisis talk as lively as possible. I’m not saying that at all. I’m just saying….