Examining the Lasso Act and its Place in Social Security Reform
As organizations and political factions continue to seek out-of-the-box approaches to dealing with Social Security’s looming financial catastrophe, it’s not surprising to see unique proposals to bolster program revenue. Such is the impetus behind the Land and Social Security Optimization Act (the LASSO Act) that seeks to redirect public lands revenue into Social Security’s Old-Age and Survivors Insurance (OASI) Trust Fund. The projection is made in support of LASSO Act suggests a $2 billion transfer to the OASI Trust Fund had the redirection been in place for fiscal 2923. CATO Institute’s Romina Boccia and Ivane Nachkebia suggest that this may not be an accurate assessment of the potential revenue benefit for Social Security. Check out their analysis of the Act in a piece posted on their website.