Saving Social Security In Three Steps
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(0)Overview: This paper published by Economic Policy Institute describes that Social Security has been a remarkable success story. This paper discusses three steps: commit a portion of the federal governments projected budget surpluses to the trust fund, or alternatively index the payroll tax to increases in life expectancy; fully incorporate the impact of recent changes to the consumer price index into the projections for the trust fund; and raise the cap on wages that are subject to the payroll tax so that it keeps in step with the upward distribution of income.
