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What Social Security needs: dependability Congress needs to revamp Social Security to ensure that retirees will receive about 75% of their benefits in case the trust fund is depleted, writes William Reichenstein, Powers Professor at Baylor University. Social Security's Trust Fund is likely to run out in 2033 if lawmakers fail to act, and one way to fix the shortfall is to use a new measure that yields a lower inflation than what the current formula provides, says Reichenstein, who is also head of research at www.socialsecuritysolutions.com. "I believe most of us would rather have a slightly lower level of promised benefits that we can depend on than to have a potentially dramatic reduction in benefits about 2033." --The Wall Street Journal
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