June 27, 2011
Strengthen Social Security ... Don't Cut It
11:00 a.m. - 12:30 p.m.
Rayburn House Office Building
Washington D.C., 20515
Social Security has not contributed a dime to the nation’s debt and cannot deficit spend. Policy makers in Washington continue to lump Social Security with other entitlement programs. But, as everyone knows, Social Security is a self-funding program paid through employee and employer contributions over workers’ lifetimes. CEPR Co-Director Dean Baker took part in a briefing that explored several issues that are likely to be before the Senate in the next month as part of the deficit debate, such as:
- Should Social Security’s cost-of-living-adjustment be changed, and if so how?
- Why is the CPI-E preferable to the chained CPI?
- How would a Balanced Budget Amendment impact Social Security?
- Would a reduction in employer payroll taxes create jobs?
- What is the implication for the Social Security Trust fund of an employer “payroll tax holiday”?
Other speakers included Joan Entmacher, vice president for Family Economic Security at the National Women's Law Center, and Celinda Lake, president of Lake Research Partners. The briefing was moderated by Alison Reardon, legislative director for the Strengthen Social Security Campaign.