Friday, July 31, 2015

Time is Running Out to Fix Social Security

Time is Running Out to Fix Social Security | Economics21
Social Security finances are on an unsustainable trajectory requiring legislated corrections as soon as they can be enacted. 
The essential problem is that the program’s costs are growing faster than its tax base. 
This is inherently unsustainable and requires correction. 
The sooner the pace of cost growth can be slowed to a sustainable rate the better, both in terms of equity across generations, and to fix the problem before it becomes intractably large.

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