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One of the favorite liberal solutions to Social Security’s financial problems is to eliminate the wage cap entirely but give people who earn more than the cap no benefits above the current formula.
5 proposed solutions to fix Social Security. Shoring up the projected shortfall of the Social Security trust fund isn’t a one-size-fits-all solution. Numerous proposals have been discussed over ...
That leaves only one option: Change Social Security to accommodate them. Six potential Social Security fixes. There are essentially two ways to fix Social Security and both have their drawbacks ...
There are several solutions to fix the shortfall, including ratcheting up payroll taxes that fund the program, currently 12.4% split evenly by employees and employers.
Social Security is in danger of running out of money in about a decade. Here's what can be done.
First, a little history lesson. When Social Security had shortfall problems in the early 1980s, Congress and President Ronald Reagan created the National Commission on Social Security Reform in 1981.