Proposing a 2% Solution

The House of Representatives last week voted to maintain the $122-per-month minimum level for Social Security benefits, but that action will certainly not end the controversy surrounding the troubled program. Harvard's Martin Feldstein, a member of TIME'S Board of Economists, looks at the problems of Social Security and some proposed solutions:

Political leaders are at last beginning to recognize that Social Security has major financial problems that can be solved only by slowing the growth of benefits. The Social Security Administration's own actuaries predict that the retirement fund will be out of money...

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