Source thread is based upon: Amending Social Security: how to's surface during national debt talks - Yahoo! News
I think we all know something has to be done to make SS solvent and last, or at least stop draining the budget. The article lists 5 possible solutions. Please refer to the article for specifics. You can pick more than one option.The program has a "trust fund" built up during surplus years, which can allow it to pay beneficiaries in full until 2036, the annual report from program trustees reckons. Even after that, the program's expected payroll-tax revenue would allow it to pay reduced benefits.
But that doesn't mean changes aren't needed sooner.
"What does matter is that Social Security expenses are expected to rise by about 50 percent from about 4.3 to 6.3 percentage points of GDP [gross domestic product] from 2008 to 2030, and taxes aren't," finance expert Eugene Steuerle of the Urban Institute wrote in a recent analysis.
Note: Poll incoming, please be patient while I type.