Excerpt: Pozen's suggested changes to Social Security include blending the current wage indexing of benefits with price indexing, a shift that will reduce Social Security benefits for middle-income workers by 22% in 2055 and by 28% in 2085. Indeed, the Pozen proposal will lead to substantial and ever increasing benefit cuts for well over 70% of Social Security beneficiaries, including retirees, widows, and surviving children.  MORE >>