Fixing (Not Destroying) Social Security

Fixing (Not Destroying) Social Security

There are 1 comment on the Time Goes By story from May 17, 2012, titled Fixing (Not Destroying) Social Security. In it, Time Goes By reports that:

Ronni Bennett , The TGB Proprietor Jan Adams , The TGB Gay and Gray Columnist Virginia DeBolt , The TGB Elder Geek Saul Friedman , Gray Matters and TGB Reflections Columnist Orrin Onken , TGB Elderlaw Columnist Peter Tibbles , TGB Elder Music Columnist Dr.

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ScottEngageAmeri ca

New York, NY

#1 May 17, 2012
The 2012 Trustee's Report details the exhaustion of trust fund reserves in 2033, three years earlier than projected last year ( ). Yes, it is true that even after the fund is exhausted Social Security will be able to pay 75% of benefits, but how is being able to meet only three quarters of its obligations acceptable?

Clearly, something needs to be done and reform must take place: either by raising the wage cap, by increasing the retirement age to keep pace with longevity, by means-testing and eliminating benefits for very high income seniors, or by some combination of these proposals.

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