Reform Social Security now? Demographics say yes

posted by
May 15, 2011
The Christian Science Monitor    
Posted in News, PND News

"On Thursday, the Social Security Trustees released their latest annual report on the program's long-term outlook. They said that, unless changes are made, the program's trust fund appears likely to run dry in 2036 -- a year earlier than was projected last year. After that, tax revenue for the program would allow beneficiaries to receive just 77 cents for each dollar of promised benefits. Even as the warning was given, however, Republicans and Democrats seem to be talking past each other on the issue. Republicans are largely unwilling to consider tax increases, and many Democrats nearly as adamant about steps that could be construed as cutting benefits. " (05/15/11)  


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