Peterson Foundation
Social Security Insolvency and the Need for Public Awareness
Social Security’s revenue from payroll taxes (i.e., FICA tax) has not been able to completely cover benefits paid since 2010 and, since 2021, all sources of revenue coming into the program have been insufficient to make scheduled benefit payments. Consequently,…
Peterson Foundation: Sidestepping Social Security & Medicare Reform “Not an Option”
New York City-based Peter G. Peterson Foundation recently issued a statement addressing views on the debt ceiling proposals emerging from House Republican leadership and the bipartisan Problem Solvers Caucus. While citing encourgagement that the proposals offer “… fiscal reforms that…