[Edward64]

Glad to read they have started working on the Social Security imminent crisis, now estimated for 2032.

Senate group wades into tough talks on Social Security | The Hill

A bipartisan group of senators is treading carefully into the politically difficult discussion of making changes to Social Security to extend its solvency.

Senators from both parties who have been involved in the talks are tight-lipped when it comes to revealing details, though reports have begun to surface of discussions of potential changes to the age threshold for retirement and raising the taxable wage cap.

A report released by the Congressional Budget Office earlier this month warned that the Social Security trust fund could run out of money by 2032 — a year earlier than previously expected — without changes to existing policies.

I like this idea as an option. Put some of that money to work in the markets. This sovereign wealth fund should truly be a lock box where nobody, nothing can grab any of its funds.

One idea that has piqued interest on both sides of the aisle is to create a new sovereign wealth fund to help finance Social Security.

While senators say the overall plan is yet to be finalized, sources familiar with the proposal told Semafor that the fund could involve more than $1 trillion in seed money to help finance investments.

Have to address the inevitably drop in markets and 10-20-30+% losses and the panic/concern that would cause. There's some sort of 8% return guarantee. Have to read the details though, I think everyone knows nothing can guarantee a min 8% return each year.

According to Semafor, among the ideas being discussed as a potential backup plan if the fund falls short of at least 8 percent in return include upping the maximum taxable income and payroll tax rate. But both are proposals that could see a tough time garnering necessary support for passage in a divided Congress.