Will the Big Social Security Fix Include Expansion?
Contributor Mark Miller discusses the current thinking in Washington about Social Security reform.
Five years ago, opinion among Washington lawmakers about Social Security reform generally ran along these lines:
"We’re all living longer, so we will need to boost the retirement age. We also should means-test Social Security to avoid paying benefits to rich people. The annual cost-of-living adjustment should be shifted to the 'chained CPI,' which is a more accurate measure of inflation and would reduce inflation increases somewhat."