Rachel Greszler 120120
Dec 1, 2020 ·
5m 2s
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Description
Rachel Greszler, Research Fellow in Economics, Budget and Entitlements at the Heritage Institute. How Social Security Reform Could Make a Popular Federal Program Better – Each year that policymakers do...
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Rachel Greszler, Research Fellow in Economics, Budget and Entitlements at the Heritage Institute.
How Social Security Reform Could Make a Popular Federal Program Better – Each year that policymakers do nothing adds trillions of dollars in additional costs to future taxpayers. Addressing Social Security’s looming shortfalls now—especially in light of massive increases in federal debt due to COVID-19 responses—would reduce uncertainty, improve financial stability, and restore confidence in the U.S. economy and fiscal outlook. Now is the time for Congress and the next administration to tackle Social Security’s shortfalls and shortcomings by transitioning it to a smaller, better-targeted program.
show less
How Social Security Reform Could Make a Popular Federal Program Better – Each year that policymakers do nothing adds trillions of dollars in additional costs to future taxpayers. Addressing Social Security’s looming shortfalls now—especially in light of massive increases in federal debt due to COVID-19 responses—would reduce uncertainty, improve financial stability, and restore confidence in the U.S. economy and fiscal outlook. Now is the time for Congress and the next administration to tackle Social Security’s shortfalls and shortcomings by transitioning it to a smaller, better-targeted program.
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