Should General Revenue Help Pay for Social Security?

Brief

Should General Revenue Help Pay for Social Security?

Abstract

According to current projections, the revenue generated by Social Security taxes will soon fall short of the cost of supporting our elderly population. In this essay, the authors compare the advantages of the various solutions that policymakers have proposed for this problem. While arguing that dipping into general revenue funds might provide a temporary solution to the Social Security deficit, the authors are also aware of a fundamental need to link taxes to the specific benefits they ultimately provide.

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