Clearly the time has come to raise the tax and delay the payment of benefits...........
Increased govt controls and restrictions are the answer
No, the solution is very simple. Raise the retirement age to at least 70. We are living longer, we should be working longer. Common sense.
Pay into the system five years longer, and draw out five years less. That alone will nearly balance the budget.
6 percent of the US population was over 65 when Social Security was enacted, 13 percent are over 65 today. We have literally more than doubled the load on the Treasury.
Life expectancy was 62 when Social Security was enacted. That's why it was called INSURANCE. It was not an entitlement.
Life expectancy is 78 today.
Social Security should be indexed to either a percentage of the population or to life expectancy.
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