Tag: cutting benefits
‘Progressive price indexing’ is not a third way. It’s a benefit cut. Social Security is once again in play, no matter how much people deny it. In part, that’s a good thing, because Social Security benefits cost more than the income rolling in (see Figure 1). So far this mismatch between the cost of benefits…
Who knows what’s happening in Washington in the battle over raising the debt limit. One day they’re searching for $4 trillion in savings; the next day it’s $2 trillion. Sometimes Social Security is on the table; sometimes it’s not. Fixing Social Security could modestly help reduce the long-run deficit, but it is too important for…
