CBO Projects Major Trust Fund Exhaustions on the Horizon
A number of important federal programs — including Social Security and Medicare — are financed through dedicated revenue sources and
Social Security
Major Trust Funds Headed for Insolvency Within 11 Years
A number of important federal programs, such as Social Security and Medicare, are financed through dedicated revenue sources and man
Robert Reischauer and Charles Blahous: Letter from Former Trustees of Social Security and Medicare
The 2020 annual reports of the Social Security and Medicare trustees underscore the increasingly urgent need for legislative...
Analysis of the 2020 Social Security Trustees' Report
Today, the Social Security Trustees released their annual report, showing that Socia
GAO: Fiscal Sustainability Is a Growing Concern for Some Key Federal Trust Funds
Last week, the Government Accountability Office (GAO) released a report on the financial he
Support for TRUST Act Grows
The Time to Rescue United States Trusts Act, or the TRUST Act, was introduced last fall on a bipartisan basis in both chambers of Congress to...
Maya MacGuineas: Utah Statesmen Seek to Fix Our Most Pressing Problems
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt.
Bernie Sanders's Social Security Expansion Act
Presidential candidate Senator Bernie Sanders (I-VT) has proposed the Social Security Expansion Act, which would increase Social Security benefits,...
Bipartisan Group Introduces TRUST Act
Earlier this week, Senators Mitt Romney (R-UT), Joe Manchin (D-WV), Todd Young (R-IN), Doug Jones (D-AL), and Kyrsten Sinema (D-AZ), alongside...
Why Are CBO and SSA so Far Apart on SS2100?
Both the Social Security Administration's (SSA) chief actuary, and the Congressional Budget Office (CBO) recently released updated estimates of the...