A New Way to Fund Social Security
The insolvency issue has been a hot topic lately and everyone seems to have their own idea of the right answer. There are many different proposals out there that all promise to solve the issues. With all of these plans the funding comes from a different place. Many of them pull the money from extra taxes, some supplement them with budget cuts in other areas, and some pull money from investing in areas that the Social Security Trust Fund does not already pull from. One new suggestion comes in the form of a national lottery that would help fund the program. Lotteries have been a tool that the U.S. has used for government funding since before we were our own nation. For more information visit this article by Pam Hopman with The Hill.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.