Tag: Social security solvency
We, too, should restore balance to our system, but inequality precludes an across-the-board increase. Denmark recently raised its retirement age to 70 for Danes born in 1971 or later. Should we do the same thing? The answer is two-fold. On the one hand, Congress should enact legislation to restore balance to our Social Security system,…
A mix of tolerable benefit cuts and realistic revenue increases would make everyone better off. In early January, Social Security’s Chief Actuary released estimates of a comprehensive proposal to restore long-term balance to the program. The request for this estimate was submitted by Rep. Steny Hoyer (D-MD), but the proposal was constructed by Wendell Primus,…
