Social Security

Double Counting and Medicare Part A

Last month, Social Security and Medicare Trustee Chuck Blahous sparked a controversy by saying that the Affordable Care Act would add to the deficit, arguing that the law was double counting savings from Medicare Part A because Part A is already restrained by a trust fund that is scheduled to expire this decade. Thus, the Medicare savings from the law would only be used to extend the life of the trust fund.

A Social Solution for Social Security

Last week’s report from the Social Security Trustees laid out the challenges facing the vital program. The largest federal program began running annual deficits in 2010 and will continue to do so each year through 2033, when the trust fund is projected to become exhausted. At that point, recipients will see a 25% cut in benefits, absent any action.

MY VIEW: Marc Goldwein

CRFB's Senior Policy Director Marc Goldwein has a message to policymakers in an op-ed in The Hill: don't overlook the disability insurance (DI) program. The latest Trustees report projecting the DI trust fund to run out in only four years, but people often overlook that deadline, since they assume money would be transferred from the old age portion of the program. 

MY VIEW: Jim Kolbe and Charlie Stenholm

Today, two of CRFB's co-chairman, former Representatives Charlie Stenholm (D-TX) and Jim Kolbe (R-AZ), penned an op-ed in The Hill, saying that the new Trustees report should give lawmakers a new sense of urgency over Social Security reform.

A Hypothetical Debate on Social Security

A new article from Jeffrey Brown of Forbes succinctly captures much of the debate around the findings of the Social Security Trustees report. In many ways, the debate surrounding Social Security boils down to whether you view it as a stand-alone program or one that is part of the overall federal budget.

CRFB Breaks Down the Social Security Trustees Report

With the release of Trustees reports on Social Security and Medicare, CRFB has released its analysis of the Social Security report, breaking down the sources of deterioration in the projection and what it means for the program.

Any Minute Now....

The Social Security and Medicare Trustees have signed off on their respective reports on the financial projections for the two programs, though we continue to wait for the Social Security report to be posted reports online.

Trust Funds and the Budget

Charles Blahous's paper on the Affordable Care Act has sparked a lot of buzz, leading to some discussion about "double-counting" the Medicare savings and how to view the federal budget with regards to trust funds.

Social Security in Even Worse Shape than Before

Over the course of this week, we have been discussing CBO's recent Budget and Economic Outlook. On Tuesday, we summarized the report and released a paper that walked through the details.

Raising Eligibility Ages Is Good for the Budget...and the Economy

Over the past couple of years, we've been arguing that raising the Social Security and Medicare ages could be an important part of a fiscal reform agenda.

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