6/8/2013 – Want to Fix Social Security? Use the Right Wrench (New York Times)

Social Security is expected to run out of reserves by 2033 — a mere 20 years from now. With the public apparently opposed both to tax increases and to benefit cuts, the main politically feasible way to avoid such a fate seems to involve some monkeying with obscure aspects of the definition of benefits.

Congress seems to want a ruse to disguise a cut in benefits as something else — like the discovery of a technical error that, once corrected, would let the government write smaller checks without taking the blame for cutting benefits.

Read the full article at the New York Times.

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