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Even though it is widely believed that Social Security reform is now dead, it is only a matter of time before it makes its way to the top of the legislative agenda again––large financial shortfalls remain, and other problems and inequities still exist. AEI will feature a...
Andrew G. Biggs has joined the American Enterprise Institute as a resident scholar.
The government should focus on those things only government can do, such as the transfers to lifetime low earners that Social Security provides, and individuals and markets should do what they do best, which includes ordinary retirement saving for middle and high earners.
Social Security reform should be approached incrementally and alongside broader retirement security reform.
President George W. Bush called for a bipartisan commission to recommend fixes for our entitlement programs. This proposal was a sign of weakness.
The chained Consumer Price Index can be used to index tax brackets and federal benefit payments.
Without reform, Social Security is headed for disaster, and the only way to save the system will be to cut benefits or raise taxes.



