Blog Archive

Blog Archive

Wednesday, April 25, 2012

postheadericon Congress cannot afford to punt on Social Security

When we introduced one of the first bipartisan Social Security reform plans well over a decade ago, we were concerned about the future of the program. At the time the system was running large and growing surpluses, but we could already see the demographic storm on the horizon. We were worried that delaying action would narrow our choices as we looked to bring the system into balance.
 
With the newest Social Security Trustees report hot off the presses, it’s now clearer than ever that we missed our best opportunity to reform the program. Gone are the large surpluses of the 90’s and 2000’s, and here to stay are large and growing deficits which will inevitably drain the trust fund dry if left unchecked.

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