solvency
CATO Offers Thoughts on Stabilizing Federal Debt…and They Involve Social Security
In a post on cato.org, Cato Institute’s director of budget and entitlement policy, Romina Boccia, offers a set of benchmarks Congress should consider before finalizing a decision on the 2023 federal debt limit. As should be expected, her suggestions include…
CBS/YouGov Poll: Fixing Social Security Makes the High Priority List for 118th Congress
A nationally representative poll conducted last week by YouGov for CBS News posed the question of what should be the high priorities for the incoming Congress, and the top three responses were not a surprise: lowering inflation, protecting Social Security…
CBO latest long-term Social Security projections
The Congressional Budget Office released its latest long-term Social Security projections earlier this week, and the news is not good. The CBO forecasts the Social Security trust fund will be depleted by 2033, resulting in a 23 percent cut in…
Debt-ceiling debate prompts questions on Social Security’s future
As Congress debates the vote to raise the federal government’s debt limit, Social Security reform proposals are in the mix. Although the Social Security program lifts more than 22 million people above the poverty line, the program is facing a…
A Summary of Bi-Partisan Suggestions for the Social Security Dilemma
As the calendar continues to advance toward commencement of the 118th Congress, we’re seeing an uptick in reports of potential changes that could be considered to address this thorny and complex problem. In a post today on wfmz.com, The Motley…
Social Security and the Debt Ceiling Argument
Douglas A. McIntyre, co-founder, chief executive officer and editor-in-chief of 247wallst.com sounds the alarm for Social Security in the midst of negotiations on the nation’s debt ceiling. In his post, which you can read in full here, McIntyre suggests that failure…
We require a far more serious conversation about Social Security and Medicare
As both Social Security and Medicare programs are facing financial challenges in the near future, we–as Americans–deserve to have a constructive conversation about the future of Social Security and Medicare. Unfortunately, as we get closer to election day, we are…
Are you right to worry about Social Security?
The Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement and survivors benefits, will be able to pay scheduled benefits on a timely basis until 2034. The Disability Insurance (DI) Trust Fund, which pays disability benefits, is no longer…
Some core tenets of the bill to bolster Social Security
If Social Security 2100: A Sacred Trust becomes law, it will expand the Social Security program. The Social Security program has not changed or expanded benefits for almost 51 years, and many Congressional representatives believe it is time. John F.…
Why this change to Social Security is most likely to happen
There are many proposals to resolve the Social Security insolvency problem and preserve full benefits for Social Security recipients; not all have bipartisan support. However, there is one that enjoys this support: Tax income above $400,000 to help fund Social…