Alternatives

Summary

We provide a research tool for you to evaluate other plans, or simply other ideas. We welcome sources for new ideas. For example, we cannot find a current privatization plan. So we ask users to tell us about things that we are missing, or submit their own ideas.

Social Security Actuaries

Index of proposals affecting the solvency of the Trust Fund 

Presidential Plans From The 2016 Election

Watch Senator Rubio's 30 minute speech on retirement in the 21st century.

Innovative Plans 

Almost all plans coming out of DC have a common theme.  These plans do not fix Social Security.  These plans are a way to pay for Social Security.   None of those ideas work well.  Here are three plans which actually change the way Social Security works.  We may not agree with the plan in principle or in numbers, but they contain actual reforms to the system.

Debt Swap (Alex Pollock, AEI)
The Purple Plan(Laurence Kotlikoff)
Well-tailored Safety Net (Jed Graham)

Plans Which Increase Taxes or Decrease benefits

Generally, we give poor reviews to any plan which increases taxes or lowers benefits. These ideas do not fix Social Security. They are a way to pay for it. When business is in trouble, it innovates, creating new products and making existing ones better. When Washington is in trouble, it just raises the price and shrinks the box. We think that is visionless.

Heritage Foundation
Simpson-Bowles 
Chain-CPI 
Raise The Cap 
Senator Harkin's (USA Retirement Accounts) 

Personal Account Plans

Plans which create a person account have generally two problems.  First, they have to pay for legacy benefits to existing retirees.  We pan any idea which 'pays' for legacy benefits by reducing government waste.  Waste should be reduced anyway with the savings going to deficit reduction.  The other problem is guarantees.  If someone wants to play the market, they need to absorb the risk, not the taxpayer.

Cato Privatization   <- The best version of PSAs
Paul Ryan

Other Plans

Opt-Out (Ron Paul) 

Archives

McCotter's Plan 
Newt's Plan
Senator Hutchison's Plan
Fair Tax (Herman Cain)