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Its final report declared that private accounts would indeed strengthen Social Security, if they were accompanied by sharp benefit cuts and huge financial injections from unspecified sources.
Those programs must run surpluses now, while the baby boomers are still paying into them, if they are to avoid either sharp tax increases or sharp benefit cuts when the boomers retire.
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Other research conducted by the institute found that the sharpest benefit cuts would fall on people with jobs.
WHAT 5-bedroom house Aug. 25 is the Sharp HospiceCare Benefit Regatta.
Making his first start in 16 days after being sidelined by elbow tendinitis, Floyd (8-8) was not sharp but benefited from four double plays.
The recently introduced Jobseeker's Allowance, with its tough test of a claimant's availability for work, has also led to a sharp fall in benefit claims.This has led many Tories to conclude that, for all their anti-scrounger rhetoric, they had actually been too soft on welfare recipients.
Over the past three decades in the United States, there have been sharp increases in benefit receipt and large declines in employment and income of people with disabilities relative to their counterparts without disabilities.
A letter on Wednesday calling for a sharp cut in benefits and a "sober dialogue" between the generations drew more than 100 responses.
JUDY AMORY New York, June 29 , 2011Daniel Callahan writes that "policy analysts have for years" argued that Medicare will "require a sharp cut in benefits".
Eventually, unless there are sharp cuts in benefits, these three programs alone will consume a larger share of G.D.P. than the federal government currently collects in taxes.
But for large numbers of employees, who have perhaps lived through layoffs and sharp cuts in benefits, those kinds of goodies are less attractive than cash.
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