Social Security's Future: Inside Biden's 4-Point Vision 

Social Security faces a $22 trillion deficit, needing attention. 

President Biden aims to address the program's financial challenges. 

His plan involves changes in payroll tax, inflation measures, and benefit boosts. 

Biden's proposal includes raising payroll tax on high earners. 

The plan also shifts from CPI-W to CPI-E for more accurate COLAs. 

It suggests increasing the primary insurance amount for seniors. 

Biden's plan aims to boost the special minimum benefit. 

However, the proposal faces challenges in Congress and bipartisan support. 

Mathematically, Biden's plan doesn't fully address Social Security's deficit. 

Unlikelihood of Biden's Social Security plan being enacted in 2024 due to various challenges.