"[T]here are two problems with any proposed reform options that simply reduce Social Security's 75-year actuarial deficit to zero: [1] Given the projected costs of the program, limiting the actuarial balance calculation to 75 years ignores projected annual deficits expected to occur after the end of the 75-year projection period. Over time, these deficits will emerge in the actuary's annual calculations. [2] There exists no process in current law to automatically adjust the System's tax rates to maintain a balance between system assets and system liabilities."

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