The last time a president studied Social Security was back in 1983. Ronald Reagan Social Security Reform Commission stated that Social Security would still be working for the next 75 years. If this is true then why has President Clinton started another commission so soon in the 1990's? The answer again is simple: there is still a problem. President Clinton's council is stating that there is definitely a problem and they agree that it should be privatized (29).
             Taxes are what keep Social Security going. Social Security tax will need to be raised significantly in order to keep the current Social Security Program working. Laurence J. Kotlokoff and Jeffrey Sachs "It's High Time to Privatize" states that " . . . we need to raise, immediately and permanently, the combined employer-employee OASDI payroll tax rate by 50 percent-from 12.4 percent to 18.4 percent-to avoid having to raise the tax rate by a much larger percentage down the road" (16).
             The book Social Security and Retirement discusses some very interesting points about the tax probl
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