There is no single solution to reducing or eliminating the long-range actuarial deficit in the Social Security program. The Academy of Actuaries has a game that allows viewers to make hypothetical changes to the Social Security program to eliminate the long-range deficit. Go to www.actuary.org/socialsecurity/

game.html and answer the following questions:

a. Based on your ideological and political beliefs, what options would you recommend for reducing or eliminating the long-range deficit? Explain your answer.

b. Briefly explain the advantages and disadvantages of each option selected in (a), above.

c. Do you have any additional recommendations for reducing or eliminating the long-range deficit? Explain your answer.