Social Security is facing a modest shortfall in 2032.
What can Congress do?
The best solution is to scrap the cap and make the wealthiest among us contribute at the same rate as the rest of us.
This would help expand benefits and deliver checks through the rest of the century!
Social Security doesn’t add to the deficit.
It’s a pay-as-you-go program, which means the dollars paid in in any given year are the dollars that go out.
The surplus intentionally built up since 1982 is being depleted sooner than they thought because of income inequality.
