General Discussion
In reply to the discussion: Stop it, stop saying Social Security needs reform, you are a Democrat, right? [View all]FogerRox
(13,211 posts)to illustrate the point.
Maybe we only create 14 million jobs, but have good wage growth, well then it evens out in the GDP numbers , and all we need is GDP averaging about 2.8%.
Wasnt it the CBO who forecasted 12 million new jobs over the next 4 years? And that severely fooks up the Intermediate scenario, and nearly matches the low cost U3 numbers.
http://www.ssa.gov/oact/tr/2012/lr5b2.html
Meanwhile workforce growth in the Int scenario needs to drop from 1.2% to .4% within 10 years. Which is not going to happen, the BLS says .7% by 2050, and if we have immigration reform by 2015 that includes amnesty, the Int scenario is blown to shit with 18 years left to the 2033 date.
Lets keep the conversation going. Its worth it to me cause you are not making shit up and you understand the underlining data. We just disagree on some of the assumptions.