Social Security Choice reminds us that sometimes it's good to remember some basic facts about Social Security.
-Every two-year election cycle that we wait to reform Social Security costs an additional $320 billion.
-The Social Security payroll tax rate has grown from just 2 percent in 1949 to 12.4 percent today.
-"Saving" Social Security without individual accounts could require a 50% increase in Social Security taxes or a 27% cut in benefits.
-Social Security taxes have been raised more than 40 times since the program began.
