The Rise and Fall of Hope and Change

The Rise and Fall of Hope and Change

Alexis de Toqueville

The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Alexis de Tocqueville

The United States Capitol Building

The United States Capitol Building

The Constitutional Convention

The Constitutional Convention

The Continental Congress

The Continental Congress

George Washington at Valley Forge

George Washington at Valley Forge

Thursday, December 22, 2011

How Reforms Would Affect Social Security’s Funding Shortfalls, Total Spending, and Distribution of Benefits and Taxes

From The National Center for Policy Analysis and The Heritage Foundation:

Retirement/Social Security






How Reforms Would Affect Social Security’s Funding Shortfalls, Total Spending, and Distribution of Benefits and Taxes



by Liqun Liu, Andrew J. Rettenmaier



National Center for Policy Analysis



December 21, 2011







The current Social Security program and the changes considered in the study all require benefit cuts and/or tax increases to reduce Social Security’s unfunded obligations. Several of the provisions, including raising the retirement age and progressive indexing, can be part of a reform that includes individually-owned accounts funded by savings. Funding the accounts would require additional savings during a transition period, but in the end the reformed program would provide retirement benefits that are partially prepaid.





URL: www.ncpa.org/pdfs/st337.pdf

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