Higher Social Security payments coming for millions of people from bill that Biden is signing

[progree]

11. "Any "fix" is easy to do, and this is why Congress hasn't rushed to do anything about it."

I haven't heard of any easy fixes, at least not ones that would be easy to get through Congress.

The cutting of benefits though will occur automatically when the SS trust funds are depleted, so that part is easy (to a level that is equal to the SS revenue coming in which would be 83% of scheduled benefits initially, declining to 73% over time, according to the SS trustees -- see #9). But I wouldn't want to be an incumbent congress person or president when people start getting the reduced benefit checks.

Raising SS taxes -- on the rich or anyone else -- is not easy to get through Congress.