Tag: fixing Social Security
It might be nice to reduce the large share of benefits going to high earners who retire later and live long lives. To read about our federal finances, one would think we had been overtaken by forces beyond our control: extremely expensive healthcare programs, ever-growing interest payments on our debt, and runaway Social Security benefits…
It’s good policy and would restore confidence in America’s most important program. Recently, the Congressional Budget Office (CBO) released its budget projections. Unsurprisingly, the outlook is dismal. And it is somewhat more dismal than last year. The net result is that deficits as a percentage of GDP will rise from 5.8 percent in 2026 to…
