As the returns from economic reforms tend to be slow and the short-term adjustment costs high, the government should have adopted generous social compensatory and adjustment-assistance policies.
Members of Congress are talking about reducing the cost of living adjustment for Social Security, and it no longer seems to be such a political taboo.
CNN: Budget cutters take hard look at Social Security - Sept. 27, 1995
To me, Social Memories is another flashpoint in our adjustment into a fully digital culture.
That's not the only way of fixing it, but if you made a slight adjustment like that, then Social Security would be there well into the future and it would be fine.
Earlier this month, President Barack Obama proposed to tweak the formula for calculating the cost-of-living adjustment, or COLA, for Social Security recipients.
WSJ: Refiguring Inflation With 'Chained CPI' Will Hit Retirees' Income
Each year when the Social Security Administration announces the Cost Of Living Adjustment to benefits for the coming year, with similar ballyhoo they announce the maximum benefit amount available for the coming year.
FORBES: How Is The Maximum Social Security Benefit Calculated?
So if you consider, like, the adjustment to cost of living for Social Security beneficiaries, is there a commitment or desire by the President to make sure that money is kept to shore up Social Security, not as part of the broader package?
One change Obama has proposed would tighten the adjustment for inflation of benefits such as Social Security, meaning annual increases for future recipients would grow at a slower pace.
So if we just made a little bit of an adjustment in terms of the cap on Social Security, that would do a significant amount to stabilize the system.
The way Social Security is set up is each year there's a cost-of-living adjustment.
Starting at the end of December, millions of Social Security recipients will start to see higher payments due to the cost-of-living adjustment (COLA) increase.
And then some people will be disappointed that, even though we did some good reform in the Medicare program, that without a consumer price adjustment that's larger, some will say we're not doing enough to save Social Security.
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