Editorial Board
The Arithmetic and Politics of a Social Security Solution: View
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Here’s a positive thought for the day: Social Security can be fixed.
Last month, the Social Security trustees reported that the government pension system will run dry in 2036. Because the program by law can’t borrow money to pay retirees, and because payroll taxes levied on workers in 25 years will cover only three-fourths of benefits, recipients will face immediate and harsh across-the-board cuts.