Social Security Is Just 6 Years Away From Possible Benefit Cuts. Here's Why Congress Isn't in Any Hurry to Act.
We could be waiting a few more years before we find out what's next for the program.
Overview
A 22% benefit cut awaits Social Security beneficiaries in just six years if the government doesn't take action to help the struggling program. You'd think the deadline being so near would spur Washington to put together a plan. Several members of Congress have proposed solutions over the years, but none have gained traction so far.
Partisan politics is a major hurdle, but there's another reason Congress has appeared slow to act on this critical issue. It could make the ultimate Social Security fix a lot more expensive.
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Originally published at www.fool.com.
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