Tag: cutting Social Security benefits
This proposal would undermine support for the program and delay a real solution. My clever friend, and occasional co-author, Andrew Biggs is up to mischief again. He and his lawyer co-author Kristin Shapiro argue that we don’t really need to worry about exhausting the Social Security trust fund because the worst effects could be prevented…
Raising the ‘full retirement age’ is not a third option — it is a benefit cut. The debate about Social Security has begun. That’s perfectly appropriate. The system is running a 75-year deficit, and the assets in the Trust Fund, which are temporally filling the gap between revenues and promised benefits, are projected to b…
