16% of the projected gap between normal benefits and revenues could be closed if the payroll tax rate rose only 1%, slowly in increments over twenty years, from 6.2% to 7.2%. And healthcare reform corrects 7% of the projected shortfall because healthcare costs drove down taxable earnings.

The study demonstrates that there is insufficient reason to raise the full benefit retirement age and to cut benefits for retirees in the distant future. With an eye toward accumulating sufficient revenues, Social Security can be maintained without any reductions in benefits.

Morrissey tackles factors which have become Social Security memes in the media, applies factual knowledge to deal optimistically with each one, and ends on an upbeat note. I recommend that you read the entire report and save the Bookmark for future reference.