February 1, 1981 Tax Review: The Social Security Time Bomb Edward A. Sprague Edward A. Sprague Print this page Subscribe Support our work Download Tax Review: The Social Security Time Bomb Executive Summary “Long-term imbalances in Social Security financing have been foreseen for years,” writes Edward A. Sprague in this essay. “But now, again, there are two fuses on the Social Security time bomb — short and long. Both must be defused.” Topics Center for Federal Tax Policy Tags Social Security and Payroll Taxes