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Is a “Commission to Address” Social Security’s Solvency Problem About to be Created?
In the midst of confusion and expected inaction on Social Security’s long-term solvency problem, it’s rumored that debt ceiling discussions have prompted consideration of “… a bipartisan commission to address the long-term solvency…” of Social Security. In a post on ThinkAdvisor.com, Investment Advisory Group Washington Bureau Chief Melanie Waddell quotes House Speaker Kevin McCarthy “The nation’s debt has ‘undermined Social Security and Medicare,’ and ‘debt limit negotiations are an opportunity to examine our nation’s finances,’” commentary that sparks conjecture that a commission will be charged with taking on the development of solutions to the program’s vexing problem. Read Ms. Waddell’s post here…
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