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Notes on Social Security Reform
Congress is once again considering changes to Social Security in an attempt to “save” the program. Social Security benefit payments have exceeded tax revenues since 2010; the funding deficit is growing and, barring reform, will continue to grow indefinitely. Higher tax revenues are necessary to fund benefits as they are currently calculated, say Liqun Liu, a research scientist, Andrew J. Rettenmaier, executive associate director, and Thomas R. Saving, director, at the Private Enterprise Research Center at Texas A&M University. Read more…
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