Tag: 75-year deficit
Revenues could serve as a down payment, but enhancements that expire in 5 years could create real problems. Congressman John Larson (D-CT), Chair of the House Ways and Means Subcommittee on Social Security, recently released his 2021 version of the 2019 Social Security 2100 Act. The earlier version, which was introduced jointly with Senators Richard…
But bottom line is easy: Congress needs to fix the nation’s most valuable program. The 2021 Social Security Trustees Report, which usually comes out in the spring, emerged in the last week in August. That’s not surprising given a new Administration and a somewhat more complicated story than usual. Although the Trustees assert that COVID…