Tag: Trust fund exhaustion
Outlook virtually unchanged from last year. The Social Security program faces a 75-year deficit of 2.66 percent of taxable payrolls – virtually unchanged from last year. Largely because of the Bipartisan Budget Act of 2015, the life of the Disability Insurance trust fund – which was scheduled for exhaustion in 2016 – has been extended…
New estimates make the problem sound insoluble. My sense is that Social Security may be at risk after the November elections. Critics are writing op-eds saying that benefits – relative to previous earnings – are very high, and the Congressional Budget Office (CBO) has come out with an astounding estimate of the 75-year deficit. T…
