Raw: [By 2035, Social Security as we know it will largely be insolvent. If we want to fix the issue, it’s time for our parties’ leaders to reform the program so it can be around for the long run for all Americans.]
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The vice presidential debate covered dozens of issues, and the candidates often framed each topic — from immigration to inflationInflation is when the general price of goods and services increases across the economy, reducing the purchasing power of a currency and the value of certain assets. The same paycheck covers less goods, services, and bills. It is sometimes referred to as a “hidden tax,” as it leaves taxpayers less well-off due to higher costs and “bracket creep,” while increasing the government’s spending power.
— as a “crisis.” But there is one crisis our country is facing that failed to earn a single mention, in the vice presidential showdown and September’s presidential debate: Social Security.
By 2035, Social Security as we know it will largely be insolvent. If we want to fix the issue, it’s time for our parties’ leaders to reform the program so it can be around for the long run for all Americans. The financial health of our country and its retirees depends on it.
This is a preview of our full op-ed originally published in Deseret News.
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TagsTags:2024 ElectionDonald TrumpKamala HarrisSocial Security
LocationsLocations:United States
Authors
ExpertAlex DuranteEconomist
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