Social Security Personal Accounts: Prosperity for All

Social Security Personal Accounts: Prosperity for All: In 2010, Social Security began running a cash deficit that will continue until 2033, when the Social Security trust funds run out of money. To pay for all of the promised Social Security and Medicare benefits would require almost doubling the current total payroll tax of 15.3 percent to nearly 30 percent, says Peter Ferrara, a senior fellow with the National Center for Policy Analysis and the Heartland Institute.

Social Security reform has already worked in the United States.

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