Section 709 and the Call for “recommendations for statutory adjustments”
In a post by American Enterprise Institute Senior Fellow Andrew Biggs discussing Social Security’s looming insolvency, the absence of “recommendations for statutory adjustments” to Social Security to “adjust the inflow and outgo of funds to remedy this shortfall” is called into question. Biggs explains the provision — Section 709 — inserted into the Social Security Act as part of the 1983 Amendments, and cites the continued congressional failure to comply with this mandate. He closes his post with this: “It is time for the Social Security Trustees to recommend explicit Social Security reforms, as the law requires, and for Congress to follow suit.” An interesting read, to be sure, and perhaps one that will help fan the flames of progress toward resolution of this impending calamity. Read the post in full here…