Tag: Social Security reform
‘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…
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…
