CBO’s 2016 Long-Term Projections for Social Security: Additional Information

Just before the Christmas Holiday break, the Congressional Budget Office issued updated projections for the Social Security Trust Fund balances. Here’s an excerpt from their announcement:

Under current law, CBO projects, Social Security’s trust funds, considered together, will be exhausted in 2029. In that case, benefits in 2030 would need to be reduced by 29 percent from the scheduled amounts. Read the full Congressional Budget Office report here…

Several news feeds have weighed in on the significance of these revised projections, including Federal News Radio and Barron’s, and the Association of Mature American Citizens (AMAC) continues to advocate for the program’s long-term solvency via its “Social Security Guarantee” legislative framework now under consideration by lawmakers. Find out more about AMAC’s plan, a road map “to achieve what is the best path to long-term Trust Fund solvency without raising taxes,” here…

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