Tag: Social Security benefits
Should policymakers look beyond the payroll tax to cover this share of the deficit? When thinking about how to fix Social Security, it is important to understand the reasons for the shortfall. If current benefits simply cost more than what today’s workers are paying, then the right action is to reduce benefits or raise payro…
It might be nice to reduce the large share of benefits going to high earners who retire later and live long lives. To read about our federal finances, one would think we had been overtaken by forces beyond our control: extremely expensive healthcare programs, ever-growing interest payments on our debt, and runaway Social Security benefits…
