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Fixing Social Security
Prof. Laurence J. Kotlikoff, for National Academy of Social Insurance [NASI] Link to more items from this source
May 20, 2014
"[An] immediate and permanent 32% hike in the Social Security payroll tax rate (from 12.4% to 16.4%, forever) is needed to pay the existing benefits. Alternatively, an immediate and permanent 23% cut in all OASDI benefits would provide long-term solvency. Either of these options -- or any combination -- would be extremely painful if executed with simple broad strokes, as an ill-informed Congress might do. But dialogue and research by experts over a reasonable period can produce better results -- provided the experts are willing to recognize the complete set of problems in the existing program!"

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