Bipartisan Experts Agree That Social Security Shortfall Exists; Congress Should Act Soon to Fix It
U.S. Newswire › November 09, 2010
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WASHINGTON, Nov. 9, 2010 /PRNewswire-USNewswire/ -- Social Security faces a significant shortfall, which policy makers would be better off addressing sooner rather than later, according to a new paper released by the Pew Economic Policy Group. Robert Greenstein, executive director of the Center on Budget and Policy Priorities, and Charles Blahous, public trustee for Social Security and Medicare and former economic adviser to President George W. Bush, coauthored Social Security Shortfall Warrants Action Soon. They agree that the shortfall is real and that policymakers should act soon to fix it. Although favoring different strategies to close the gap, they agree on the reality and scope of the problem.
"Addressing the solvency of Social Security often is considered a third-rail in political debates. This bipartisan analysis demonstrates that there is common ground and it would be better to address the gaps sooner rather than later," said Ingrid Schroeder, director of the Pew Fiscal Analysis Initiative.See the full content of this document
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Bipartisan Experts Agree That Social Security Shortfall Exists; Congress Should Act Soon to Fix It
According to the authors, while the Social Security trust fund is currently projected to remain sol...
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