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According to the Congressional Budget Office, current
projections estimate the Social Security program will have a
zero balance in its trust fund sometime around 2040. Predict the
major changes that would need to occur within the program if
the trust fund disappears. Provide a rationale for your position.
Economists agree that the solution to the Social Security crisis
is relatively simple: take in more taxes or pay out fewer
benefits. From the e-Activity, defend the option—i.e., taking in
more taxes or paying out fewer benefits—that that you believe
to be the more effective solution. Speculate upon the necessary
rise in taxes or fall in benefits that would restore the fund’s
balance. Determine whether or not Peter Diamond would agree
with your proposed solution. Provide a rationale for your
response.
AND ONE STUDENT RESPOND

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