Word: reformer
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...upon returning from his African sojourn, Roosevelt found that his presidential legacy was unravelling. Taft failed to maintain the pace of reform that Roosevelt had set. Indecisive—and overweight—Taft lacked the firmness to be a strong leader and dreamed only of becoming Supreme Court chief justice (a dream that would be realized...
...running a deficit in 12 years—that is, it will begin to spend more money on benefits that it brings in through taxes. At that point, in order to continue to pay promised benefits, it will have to draw on the Social Security Trust Fund. Opponents of reform, make much of this Trust Fund, suggesting that it guarantees Social Security’s solvency until 2041, or even 2052 according to some projections. Even if true, that should offer cold comfort to Harvard students who would still be several years from retirement and facing a system unable...
...federal government will have to begin finding billions of dollars to continue paying benefits. Overall, Social Security’s unfunded liabilities total nearly $12 trillion. And, the longer we wait, the worse it gets. Estimates suggest that the cost of each additional year that we wait to reform Social Security costs $600 billion more. That means the government will be coming back to you and asking you to pay more in payroll taxes, as much as 50 percent more by some estimates...
...finances may be missing an important point. If the only thing one cares about is keeping Social Security solvent, that could be accomplished by simply raising taxes or cutting benefits, no matter how bad a deal that makes the program for younger workers. But the goal of Social Security reform should not merely be balancing the books. Rather, we should be trying to provide workers with the best possible retirement option, and that involves giving workers more control and ownership of their retirement funds...
...need to reform the Social Security program, but there are less severe and more reasonable changes that we can make. The following two actions, if enacted, would get us well over half way toward solvency, and there are other possible options to consider. First, people currently pay Social Security tax on only the first $90,000 of their income. We could restore the total wages taxed by Social Security to 90 percent of nationwide earnings (right now they are at 85 percent). If the cap is raised, perhaps phased in over a decade, to $140,000, it would lower...