What America’s retirees really deserve (Henry J. Aaron, Brookings)

Social Security faces a financial shortfall. If Congress does nothing about it, current projections indicate that benefits will be cut automatically by 21 percent in 2034. Congress could close the gap by raising revenues, lowering benefits, or doing some of both. If benefits seem generous, Congress is likely to lean toward benefit cuts more than revenue increases. If they seem stingy, then the reverse.

http://www.brookings.edu/research/opinions/2016/02/18-generous-stingy-social-security-aaron