This piece has a really alarmist tone. Does anyone know exactly who the people are who will be appointed to this commission? My understanding that is there's one reform that Social Security needs, which would ensure funding indefinitely. That is to raise the level of income that's taxed from the current cap of $97,500, and to index that rise to deal with further income inflation. Krugman and Alice Rivlin are just two of any number of high-profile economists and policy-makers who have addressed this.
By the way, I heard Dean Baker on the Diane Rehm show the other day.
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This piece has a really alarmist tone. Does anyone know exactly who the people are who will be appointed to this commission?
ReplyDeleteMy understanding that is there's one reform that Social Security needs, which would ensure funding indefinitely. That is to raise the level of income that's taxed from the current cap of $97,500, and to index that rise to deal with further income inflation. Krugman and Alice Rivlin are just two of any number of high-profile economists and policy-makers who have addressed this.
By the way, I heard Dean Baker on the Diane Rehm show the other day.