Tag: Social Security finances
Trustees Report continues to show 75-year deficits and exhaustion of trust fund in early 2030s. The 2024 Social Security Trustees Report repeats the drumbeat that the Social Security program faces a deficit equal to 3.50 percent of payroll over the next 75 years and that its trust fund is scheduled for exhaustion in the early…
It has temporary benefit increases, is greedy on the COLA, and overreaches on revenues. The original Social Security 2100 Act, released in 2019 by Congressman John Larson (D-CT), then Chair of the House Ways and Means Subcommittee on Social Security, was terrific. The legislation retained, and even slightly enhanced, benefits and substantially increased revenues to…
