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{"id":10325,"date":"2012-06-18T21:03:33","date_gmt":"2012-06-18T21:03:33","guid":{"rendered":"http:\/\/www.seonewswire.net\/2012\/06\/social-security-funding-is-easily-fixable\/"},"modified":"2012-06-18T21:03:33","modified_gmt":"2012-06-18T21:03:33","slug":"social-security-funding-is-easily-fixable","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2012\/06\/social-security-funding-is-easily-fixable\/","title":{"rendered":"Social Security Funding is Easily Fixable"},"content":{"rendered":"

The\u00a0outrage over Social Security benefits viability is warranted. It is clear the program faces long-run financing issues since 1983\u00a0and\u00a0it was well understood by Congress that the shortfall was\u00a0not going be corrected since\u00a0early in 1993.\u00a0\u00a0”The Figure shows that the deficit has hovered around 2 percent of taxable payrolls for almost 20 years.”\u00a0 Since nothing has been done the financial hole is getting larger and payroll taxes will have to be increased at a higher rate than if Congress had simply made proper planning 20 years ago.<\/p>\n

\n
\n
\"\"<\/dt>\n
Source: 2012
\nSocial Security Trustees Report, Table VI.B1.<\/dd>\n
SOCIAL SECURITY\u2019S 75-YEAR
\nDEFICIT AS A PERCENTAGE OF TAXABLE PAYROLL, 1983-2012<\/dd>\n<\/dl>\n<\/div>\n

A current Social Security Trustees Report found that in order to responsibly fund Social Security the payroll tax rate for employee and employer
\nwould need to rise by 1.3 percentage points each. The increase would enable the system’s viability through 2086. The long term fix, beyond 75 years, could be a multitude of (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The\u00a0outrage over Social Security benefits viability is warranted. It is clear the program faces long-run financing issues since 1983\u00a0and\u00a0it was well understood by Congress that the shortfall was\u00a0not going be corrected since\u00a0early in 1993.\u00a0\u00a0”The Figure shows that the deficit has…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

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