Social Security Trustees Report – Predicting the Predictabl
The Social Security Act requires the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds (OASDI), the 7 senior government officials nominally responsible for Social Security, to provide Congress with a report on the financial status of the program by the first of April. The current administration has seen fit to ignore this deadline every year, and has routinely released the Trustees report weeks, or even months, past the statutory deadline. This year is no different. Presumably, the reluctance of the administration owes to fact that the program upon which millions of retired and disabled Americans rely is going bankrupt...Read More
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