2/17/2005
28
Cost of “Saving” Social Security
“A Menu” for Solvency,” San Diego Union-Tribune, 1/30/2005
Action/Change and % Reduction in Shortfall at Year 75

43%
36%

15%


38%

1.Raise cap on taxable wages to $140,000
2.Increase payroll taxes 3/4% (3/8% for both  employer and employee)
3.Invest 15% of SS funds in market index account
First three would eliminate 94% of shortfall!
4.Raise retirement age to 70 by 2083