Tag: federal debt
And let’s use some of those revenues to make Social Security contributions fairer. For years, policymakers have treated the nation’s fiscal challenges as separate debates. One discussion focuses on the federal deficit. Another debate centers on the growing concentration of wealth and political influence. A third asks how to restore Social Security’s finances. In fact,…
Social Security faces a well-documented financing challenge. The combined Old-Age, Survivors, and Disability Insurance trust fund is projected to exhaust its assets within the decade, after which incoming revenues can cover only about 80 percent of scheduled benefits…
