Scotties Toy Box

January 27, 2017

Social Security can survive without benefit cuts

Filed under: Economics, Greed, Harm, News, Political, Questions — Scottie @ 17:21

Congress can improve the solvency of Social Security without forcing those who can least afford it to bear most of the burden.

Source: Social Security can survive without benefit cuts

Excerpt Below:

Asking Social Security beneficiaries to pay the price is not a fair — or successful — strategy for keeping the system solvent. There are modest and manageable solutions Congress could implement right now to preserve Social Security for current and future generations. Rather than cut benefits, Congress could increase Social Security revenues in a way that would keep the trust fund solvent for the rest of this century without burdening working Americans: an adjustment to the cap on Social Security wages and a small increase in the payroll (FICA) tax.

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