Social Security
Latest
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CBO: Social Security Trust Fund To Be Exhausted 1 Year Earlier, in 2030
One of the biggest stories of last year's long-term outlook was the deterioration in Social Security's financial picture. Largely due to CBO's...
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How Much of a Payroll Tax Increase Would It Take to Fix Social Security?
Around this time of year, the Social Security Trustees usually issue their report on the status of the program over the next 75 years. In advance of...
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Sahadi Warns of Disability Insurance Insolvency
We've written many times on the need to reform Social Security well before it becomes insolvent in the 2030s. But as Jeanne Sahadi explains in a...
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Senators Begich and Murray Propose Social Security Benefit Enhancements
Last week, Senator Mark Begich (D-AK) and Senate Budget Committee Chair Patty Murray (D-WA) introduced legislation that would make targeted increases...
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Delaney and Cole Propose Social Security Commission
Reps. John Delaney (D-MD) and Tom Cole (R-OK) introduced the Social Security Commission Act of 2014 today.
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Rubio Proposes Retirement Program Reforms
As the Senate works this week to increase the debt, Sen. Marco Rubio (R-FL) outlined a series of reforms to Social Security, Medicare, and retirement...
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Social Security's Worsening Financial Picture Since 2011
We have already shown how both federal health care spending and revenue projections have been revised downward by $900 billion and $4.2 trillion...
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Adding "TRUSTGO" to PAYGO Would Improve the Debt Situation
We have always have been proponents of paying for the costs of policies such as the tax extenders and doc fixes, since doing so would make a...
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Good News and Bad News for Federal Trust Funds
CBO’s latest budget outlook contained good news and bad news for some of the federal government’s largest trust funds. First, the bad news: CBO...
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How Low Could Debt Go?
We talked last week about several policies making their first appearance in the President's budget. What we didn't mention is that in addition to...
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Chained CPI Not in President's FY2015 Budget
Today, the White House announced that the President will not propose adopting the “chained CPI” in the President’s Budget this year, as he did last...
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Entitlement Reform Should Be in the President's Budget
Last Friday, 16 Senate Democrats sent a letter to President Obama, but it wasn't for Valentine's Day. Rather, the letter warned the President against...