Reply to What Would You Be Willing to Do to Save SS?

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[quote=Anonymous]PP with the SSA solvency estimates here. Glad you found these useful! I'm sorry the links didn't work, I'm not sure why. You can find them yourself if you go do www.ssa.gov, find the SSA Actuaries page, and click on "provisions" in the left hand bar.

I agree that we'd need to add a few more provisions into the mix to close all of the gap. So means testing, changing the COLA, changing the benefit formula... there are quite a few choices and the Provisions page scores many of them. To toss in another wrench, you'd probably want more than 100%.

I also agree that if both sides want to find compromise, they will. As you can see from this thread, there are some people who just want the system to go away and don't want any compromises that would keep it working. But look at what happened to the SS disability program last year. It was projected to run out of assets this year and there were all sorts of dire threats and warnings about how compromise was impossible. But in the end... Congress quietly rearranged for full funding for the next few years, with only some token changes to the SSDI program. I'm not saying SS might not need or end up with some more serious changes, but I think political compromise is definitely possible.

Lots of people who work on SS like to say that they're glad they do SS and not Medicare, where the financing problems are more intractable. It's also common among researchers on the issue to say that a handful of bipartisan people could hammer out a solution in a few hours in a smoke-filled room.

I have people coming over for dinner, got to run![/quote]

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