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That could be done by cutting benefits, increasing beneficiary premiums or raising payroll taxes.
The scheme's costs have been monitored and the rules adjusted by raising payroll contributions and extending the retirement age.
He has ruled out raising payroll taxes or tampering with the benefits of anybody aged 55 or older a political necessity.
Though he has ruled out raising payroll taxes, the White House memo made clear it was a "bad idea" to push individual accounts alone.
While the path trod by the Greenspan commission provides a possible road map, simply raising payroll taxes across the board and lengthening the retirement age won't suffice.
And that means either boosting revenues (for instance, by raising payroll taxes) or reducing promised benefits.But cutting the pension fund's deficit is not what makes conservatives excited.
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Congress could reduce benefits, increase beneficiary premiums or raise payroll taxes.
The authors went on: "Governor Bush has promised not to raise payroll taxes or invest the trust fund in stocks.
The Chrétien government cut spending on welfare programs, raised payroll taxes, slashed federal subsidies to Canada's powerful regional governments, and paid down the country's debt.
Asked about Mr. Bush's pledge not to raise payroll taxes for Social Security, Mr. Hattaway said, "Did he say, 'Read my lips'?
Obama's austerity policies during 2013 started 1 January, when he raised payroll taxes on everyone's annual incomes up to $113,700.
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