Our Generation Releases New Report on Highlighting Reform Ideas to Make Social Security More Secure

Today, Our Generation, released a new report entitled; Social Security a Program Worthy of Reform. The report highlights the solvency issues with Social Security, which is set to run out of money in a few short years, and offers reform solutions that do not raise taxes nor increase the retirement age.

Social Security is on a collision course to insolvency. Politicians and the Obama administration should be aware that small changes to the program can make the program solvent for years to come and pave the way for more structural changes in the future.

The reforms outlined below and included in the report, would make Social Security programs more solvent and transparent, two criticisms the current program faces. Some suggested reforms include:

  • Locking the trust fund and using payroll taxes only to fund Social Security;
  • Replacing IOUs with cash, giving beneficiaries more security and transparency;
  • Adding Trust Fund IOUs to the National Debt, which would increase transparency;
  • Reforming Social Security Disability Insurance by tightening eligibility requirements to focus resources on the most disabled individuals, coupled with incentives to employers to keep disabled individuals working.

Social Security Trustees Report Highlights Need For Reforms

Washington D.C.– Today, Our Generation responded to the Trustees Report on Social Security released Wednesday. The Report stated that Social Security’s retirement trust fund is on track for insolvency in 2034 while the disability trust fund could run out by the end of 2016. This new data on the program suggest that reforms to the… Continue Reading

SS Solvency Is A Myth

Many policy makers argue that even if Social Security spends more out of the Trust Fund than it takes in with payroll taxes, this is not a big deal because the program is solvent until 2033. A new study debunks this myth. Conventional wisdom has been while the “real money” that does not exist in the trust fund, the… Continue Reading

Our Generation Releases Report: “Social Security Disability Insurance: An Unsustainable Path”

Alexandria VA— Our Generation released an educational paper today showing that the Social Security Disability Program (SSDI) is on an unsustainable path and in dire need of reform. The SSDI program was established in 1956 and was established to provide monetary benefits to Americans prevented from working as a result of metal or physical disabilities. … Continue Reading