Social Security and Medicare Funds Still Face Long-Term Shortfalls, Report Says
Slower economic growth could mean some retirement benefits will be cut sooner than originally forecast.
Posted inBiden, Joseph R Jr Federal Budget (US) Payroll Tax Social Security (US) United States Economy United States Politics and Government
Missing From Biden’s Budget: His Plan for Social Security
Like the president’s previous budgets, his latest proposal made no mention of any tax or spending increases linked to the program, which he had promised to shore up during his 2020 campaign.
Posted inBiden, Joseph R Jr Biggs, Andrew G Democratic Party Elderly Health Insurance and Managed Care Hospital Insurance Trust Fund Law and Legislation Medicare Millennial Generation Payroll Tax Pensions and Retirement Plans Republican Party Republican Study Committee Retirement Scott, Richard L Social Security (US)
Fixing Social Security and Medicare: Where the Parties Stand
Republicans and Democrats have sharply divergent approaches to repairing the programs. Any solutions will affect younger workers as much as retirees.
Posted inCongressional Budget Office Medicare National Debt (US) Politics and Government Republican Party Retirement Social Security (US) United States Politics and Government
As Lawmakers Spar Over Social Security, Its Costs Are Rising Fast
New budget projections are expected to show that the program’s spending is outpacing tax revenues as an aging population claims benefits.