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Reply #14: Raising the cap gets us about 40% of the way there. [View All]

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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-27-11 01:13 PM
Response to Reply #8
14. Raising the cap gets us about 40% of the way there.
You are right it is no "crisis". The trustee report simply indicates that based on likely projected changes in employment, wages, demographics, and inflation SS trust fund will be exausted by 2037 and all benefits will need to be cut 22% across the board.

That is one solution but not likely the best solution. Some modest changes to SS could significantly improve long term solvency of the program.
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