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Social Security Reform: What’s Holding Up Progress?

By now, most folks following Social Security’s steadily unraveling financial picture are aware that draconian measures are projected in less than a decade if steps aren’t taken to bring the program’s structure in line with 21st-century economics. After all, the program’s trustees have been sounding the alarm since the 1990s, and the operations slipped into deficit mode three years ago.

So, what’s the hold-up? In an insightful post today on, Manhattan Institute senior fellow Brian Riedl cites ten fundamental misunderstandings about Social Security’s financial operations that are the likely culprits. Taken individually or collectively, these unfortunately form the basis for the political inactivity causing the program to move toward the brink of collapse, similar in many respects to the early 1980s.

Read Riedl’s full article here. If you haven’t been tuned into Social Security’s plight, this could be a bit of an eye-opener.

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