Changes Americans Are Willing to Make to Fix Social Security

That's Right! - To determine the full extent of the Social Security obligation, we need to compare benefits and tax receipts at the same point in time. Social Security is a ticking clock for Congress because the present value of the government’s commitments to pay benefits exceeds the present value of its tax receipts.

That's Right! - The Social Security problem arises because Social Security tax revenues are insufficient to pay the benefits. If Americans are willing to pay a higher Social Security tax or receive a lower Social Security benefit or a combination of both, then the problem can be reduced.