Problem
Below is the public policy:
Old-Age Survivor and Disability Insurance (OASDI) or as it is more commonly called, Social Security, faces an uncertain economic future given its trends in revenue and spending. Your task is to describe the reason why this concern is very prevalent and offer a solution. Your goal is to propose changes to the Old-Age and Survivors Insurance (OASI) component of Social Security where your proposal:
a) Maintains Social Security's status as a social insurance (contributory) program.
b) Would be popular enough politically to be accepted.
c) Is fiscally (mathematically) sound.
Overall question to consider: Besides raising the retirement age as scheduled by current law (raising the retirement age should not be a part of your proposal), what would you recommend be done to Social Security to ensure that the program is able to pay recipients the full scheduled benefits the program has promised while remaining a social insurance (contributory) program?