Tag: raising revenues
![Wooden figures on different size coin stacks](https://crr.bc.edu/wp-content/uploads/2023/02/Wooden-figures-on-different-size-coin-stacks-1536x1024.jpeg)
‘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…
![Silhouette of scale with coins](https://crr.bc.edu/wp-content/uploads/2023/02/Silhouette-of-scale-with-coins-1536x1026.jpeg)
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…