Social Security Reform
1996-06-21T14:36:55-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvOWE4XC8xOTk2MDYyMTE0NDAzNzAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Participants discussed the need for structural reform in the social security system because the system was not designed to deal with the demographic shifts in the U.S. population. They also proposed some possible solutions, especially a completely funded system based on private, personal accounts rather than a incrementally funded system based on a general trust fund. Senators Kerrey and Simpson also talked about the political difficulties of such a reform.
Participants discussed the need for structural reform in the social security system because the system was not designed to deal with the dem… read more
Participants discussed the need for structural reform in the social security system because the system was not designed to deal with the demographic shifts in the U.S. population. They also proposed some possible solutions, especially a completely funded system based on private, personal accounts rather than a incrementally funded system based on a general trust fund. Senators Kerrey and Simpson also talked about the political difficulties of such a reform. close
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