I have no idea whether Democrats will advance President Biden's Social Security plan in this Congress. However, if it does start to advance, we're likely to see opposition of the sort put forward recently by Alicia Munnell of the Center for Retirement Research at Boston College. She is disappointed that the Biden plan doesn't solve Social Security's long term funding issues for the next 75 years!
Why is it essential or even important that all issues be solved until near the year 2100? First, any projections that far out are inherently unreliable so no plan can conceivable solve all issues this far in advance. Second, if it's important to solve problems that far in advance, why hasn't the Department of Defense already solved our national security issues for the next 75 years? Why adopt any plan to address global warming that doesn't solve the issue once and for all? We don't expect any other sort of legislation to solve problems 75 years into the future. Why should we expect Social Security legislation to do so?
Listening to people like Alicia Munnell would make any legislation impossible. Don't make the perfect the enemy of the good.
