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John MacGovern on Social Security

 

 


Serious and courageous reforms of Social Security

If [our current] trajectory continues as projected, closing the gap between spending and revenues would require either cutting federal spending by two-thirds, or, nearly doubling every federal tax, individual income taxes, corporate income taxes, capital gains taxes, and payroll taxes.

The solution to this massive and crippling problem will require serious and courageous reforms of Social Security, and other entitlement programs.

Source: 2012 Senate campaign website, johnmacgovern.com, "Issues" , Aug 11, 2012

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