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Notes -
This overstates the case considerably. The report of the trustees in 2022 estimates (rough estimates of course but the best ones we have so they'll do) that all the way through to 2096 SS benefits at 74% of the current level would be sustainable with no changes at all in tax law. That's a big gap, but not a completely irresolvable one with some changes here and there. A couple of percentage increase in payroll taxes eliminates the problem entirely, and while there may not be political will for that at this juncture when the problem starts to come into closer view by the 2030s it's hardly out of the question.
The important point to remember is that the OASDI trust fund is huge and generates its own income so a moderate deficit between income and outgoings in not a particularly large problem; in the coming decades it will start to be exhausted if no changes are made, but as I say those changes don't have to be revolutionary for the problem to be resolved.
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