Calculate the major changes that would need to occur


Current projections estimate the Social Security program will have a zero balance in its trust fund sometime around 2040 according to the Congressional Budget Office. Calculate the major changes that would need to occur within the program if the trust fund disappears. Give a rationale for your position. Economists agree that the solution to the Social Security crisis is relatively simple: take in more taxes or pay out fewer benefits. Defend the option-i.e., taking in more taxes or paying out fewer benefits-that that you believe to be the more effective solution from the e-Activity. Speculate upon the necessary rise in taxes or fall in benefits that would restore the fund's balance. Calculate whether or not Peter Diamond would agree with your proposed solution. Give a rationale for your response.

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Macroeconomics: Calculate the major changes that would need to occur
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