Social Security Needs a Rebound

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In the shadow of the political assassination of Charlie Kirk, founder of Turning USA, a stain now exists upon our nation's collective conscious, a condition that must be excised, or our nation will not function properly as one of a self-governed people. Understanding these long standing truths: What would you suggest as a quick, and, or proper corrective measure?

20% Destroy the Fascist Donald Trump and all of MAGA, because America must never be Great Again.

80% Our self-governed people, and their properly restored institutions, under President Trump, must discover the root causes to properly correct, and save our Constitutional Republic.

0% I thought we had to shut down Free Speech we don't like to save our "democracy," so I am totally confused now.

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Published: Tuesday, July 28th, 2020 @ 3:46 am
By: John Locke Foundation ( More Entries )

Publisher's note: The author of this post is Mitch Kokai for the John Locke Foundation.

Mattie Duppler explains in a Washington Examiner column why the future of Social Security depends on an economic rebound.

Like many aspects of today's fiscal environment, trends that were worrisome before the pandemic have been accelerated by the unprecedented nature of today's crisis. This is true of Social Security, the looming funding imbalance of which has the potential to be exacerbated by an increased number of claimants and a decrease in revenues due to depressed economic activity.

The uncertain economic environment makes the debate over how to save Social Security that much more important. Trade-offs must be made, but the acute contraction of the employment landscape dictates that so-called solutions that harm employment will serve to undermine the nation's economic recovery as well as the lasting health of Social Security.

With millions of people out of work and the infection rate remaining unsteady, it is obvious that the pandemic still requires a deliberate, targeted, and hopefully temporary response from lawmakers. Legislation that addresses Social Security's funding shortfalls with permanent and damaging tax increases, or uses the crisis as a pretext to expand benefits through a program that already faces durable fiscal imbalances, would undermine the nascent recovery.

The ways in which the health of the workforce and the health of Social Security are inextricably linked are manifold.

First, downturns tend to increase dependence on social programs at a time when revenues fall, presenting dual pressures on solvency. In the case of Social Security, which relies on employment taxes, the scenario can be more worrisome: Data shows there are still 32 million people claiming some form of unemployment support, which represents tens of millions of workers not currently paying Social Security taxes.

Removing barriers for getting workers back to work then is key, both for the financial health of Social Security and for workers.

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