DOGE Recommendations: Social Security
Romina Boccia and Ivane Nachkebia
As part of the Cato Institute Report to the Department of Government Efficiency (DOGE), we submitted the following recommendations to address the looming Social Security insolvency and its impact on the federal budget.
Social Security is not a savings system but a pay-as-you-go scheme, where taxes collected from today’s workers fund the benefits of today’s beneficiaries. This makes Social Security susceptible to adverse demographic shifts, as...
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