Peter Orszag used to be the director of the Congressional Budget Office. Now he runs the White House’s OMB and coaches Democrats on how to game the CBO numbers.
In August 2008, Orszag wrote that Social Security would be in good shape for the foreseeable future:
CBO projects that [Social Security] outlays will first exceed revenues in 2019 and that the Social Security trust funds will be exhausted in 2049.
Ed Morrissey reports that August 2008 was the very month that Social Security slipped into the red.
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