Social Security

The Social Security and Medicare Trustee Reports in Charts

The projections in the latest Medicare and Social Security Board of Trustees Report were further proof of the need to reform these important entitlement programs. But for some seeing is believing. Luckily, the Peter G.

CATO Event: "Disability Insurance: The New Welfare?"

Yesterday, the CATO Institute hosted a panel discussion featuring CATO Senior Fellow Jagadeesh Gokhale, MIT economics professor David Autor, University of Chicago professor Harold Pollack, and Social Security Administration Chief Actuary Stephen Goss.

NYT Gets It Wrong on Social Security (Again)

This weekend, The New York Times (NYT) editorial board laid out an argument for why they believe Social Security’s long-term gap is relatively manageable, that any solution should come mainly on the revenue side to offset cuts already in place, and that their readers should beware of “the deficit-obsessed, anti-tax world of Washington [where] closing the shortfall in Social Security has come to mean broadly cutting benefits.”

A Bipartisan Bill to Reduce Overlapping Payments in UI and DI

Bipartisanship will be a crucial element when it comes to reforming Social Security and achieving other budget related reforms in the near future. In this regard, the introduction of the bipartisan Reducing Overlapping Payments Act, by Senators Tom Coburn (R-OK), Jeff Flake (R-AZ), Angus King (I-ME), and Joe Manchin (D-WV) is an encouraging sign and a step in the right direction for more reform of the Social Security and other parts of the budget.

Taking The Reformer For a Spin

CRFB's latest interactive tool "The Reformer" is a handy game that allows users to design their own Social Security plan. Users can select from a wide variety of benefit and revenue changes to make the system sustainably solvent. The tool then shows the effect on the program's finances and benefit and tax levels.

Social Security Trustees Release Latest Projections

Today, the Social Security and Medicare Trustees released their annual reports with projections of the finances of both programs.

WATCH: Social Security and Medicare Trustees Release Their Reports

At 11 AM Eastern time, the Social Security and Medicare trustees will release their respective reports on the finances of the two programs over the next 75 years. The release will be done at a press conference with Treasury Secretary Jacob Lew, Health and Human Services Secretary Kathleen Sebelius, Acting Labor Secretary Seth Harris, and public trustees Charles Blahous and Robert Reischauer. You can watch the webcast of the press conference here.

The Economist on Entitlement Reform

Notwithstanding the recent short-term progress in reducing the deficit, our long-term debt outlook remains a problem. Although additional revenue will be needed, long-term success in making the debt sustainable will hinge on the ability of policymakers to slow the growth of entitlement spending.

6/4 Event: "Challenges Facing Social Security"

On Friday, the Social Security and Medicare Trustees will issue their latest report, showing the finances of the two programs and their related trust funds over the next 75 years. The following Tuesday, June 4 at 8 AM Eastern time, the Committee for a Responsible Federal Budget, the Mercatus Center, and Third Way will hold an event discussing the implications of the report for the future of Social Security.

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