Contrary to the conventional wisdom, “saving” Social Security doesn’t have to just be about making more fiscally “solvent.” It can also link up with efforts to raise wages, make the program more equitable, and even to start rebuilding the U.S.’s crumbling infrastructure – without privatizing it. In fact, there are a multitude of ways to make Social Security more secure – none of which involve cutting benefits for hard-pressed working people and retirees.
I’m giving over this post to John Burbank, executive director of the Seattle-based Economic Opportunity Institute. He lays out a menu of changes that would improve Social Security benefits and pay for them in a way that would make the program – and its funding – more equitable. I met John at the National Academy of Social Insurance conference earlier this month, Continue reading “Rebuilding the Foundation” of Social Security, Chapter 1