Cuts are long overdue and will happen one way or the other.
“Cuts are long overdue and will happen one way or the other.”
Lawrence Kotlikoff had some interesting ideas for a permanent fix to Social Security, replacing the current system with a gradual phase-in of personal security accounts with mandatory 12% individual contributions:
https://www.ntanet.org/NTJ/64/2/ntj-v64n02p415-28-fixing-social-security-what.pdf