An analysis by Cato Institute Director of Budget and Entitlement Policy Romina Boccia found that such a tax increase would carry a high cost for young workers. Social Security faces an insolvency crisis in less than a decade, just shy of its 100th anniversary. SSA data shows the number of workers per retiree has declined markedly as Social Security has aged. She noted other solutions that could be considered would be to raise taxes, increase borrowing and the national debt , or consider means-testing benefits for higher-income beneficiaries. "The longer Congress waits to reform Social Security, the more painful and consequential the remaining options on the table will be, because every year that Congress waits, certain options expire," Boccia said.