Re: Got entitlement reform?
You got to be kidding me, right?
There is a very reasonable and timely suggestion for SS reform around but I seriously doubt that it will get any traction.
It would be to cut the rate to approximately 8% total but make it applicable to all forms of income at all levels.
Estimates are that it would increase total revs about $200 billion.
Coupled with puching eligibility back on everyone under 55 by 2 months per year, the system would be sound, at least under present actuarial assumptions.
It would also-
-reduce employment costs for employers
-increase disposable income for those with the highest marginal propensity to spend
Got a feeling that it isn't going to fly.