Tag: oasdi
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…
What does exhaustion of the trust fund mean? The 2018 Social Security Trustees Report, released last week, shows that the program faces a 75-year deficit of 2.84 percent of taxable payrolls – virtually unchanged from last year’s projection of 2.83. The Old-Age, Survivors and Disability Insurance (OASDI) trust fund continues to be scheduled for exhaustion…
