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The President's Commission to Strengthen Social Security
With ultimate goals of modernization and fiscal solvency, the President's 16-member, bipartisan Commission has submitted three proposals. All recommendations include voluntary personal accounts.
In 1950, there were 16 workers paying Social Security taxes for every retired person receiving benefits. Today there are 3.3. By 2030, there will be only 2.
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"And there are more ideas-driven initiatives to come, including the partial privatization of Social Security, an issue that would still be unthinkable were it not for the relentless agitation of places like the Heritage Foundation and the Cato Institute."