CBO
CBO Weighs In on Insolvency Projections
Although the official 2026 Social Security Trustees Report is still weeks away, most insolvency forecasts have been centered on 2032 as the date of full depletion for the program’s trust fund reserves. The Congressional Budget Office (CBO) recently cemented this…
Waiting only makes the changes larger and more difficult
The Congressional Budget Office (CBO) regularly publishes reports presenting its baseline projections of what the federal budget and the economy would look like in the current year and over the next 10 years if laws governing taxes and spending generally…
An Argument for Uncapping the Maximum Taxable Earnings
Social Security’s looming solvency problem is, as expected, creating a groundswell of attention publicly these days, as well as an increasing focus in the 118th Congress. As a result of this heightened interest, we’re seeing a growing number of articles…
CBO estimates a funding shortfall in 2032
The Congressional Budget Office (CBO) estimates federal spending on Social Security and Medicare will outpace the revenues and the economy overall. They quoted a variety of factors, including rising costs of medical services, large cost-of-living adjustments, and the last of…
More Discussion on Social Security Reform
Former presidential appointee and current senior policy fellow at the Bloustein School of Planning and Policy, Rutgers University Richard Keevey shares some thoughts on approaches to reforming Social Security in the face of its looming insolvency problem. After discussing the Congressional Budget…