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Introduction Since the last major Social Security reforms enacted in 1983, every annual Trustees’ report has projected benefits would exceed payroll taxes (plus income taxes on benefits) by 2021 or earlier, and the combined retirement and disability trust funds…


Introduction The annual Social Security and Medicare Trustees’ reports make numerous economic and demographic assumptions to project the long-term financial status of these two programs. Among these assumptions is the average number of births women will have over their…


Part 1: Children Introduction President Biden’s FY 2022 budget proposes to spend nearly $1.7 trillion over the next ten years on several new or expanded entitlement programs for children, college students, the elderly, and the disabled. The budget also contains…


Many people were urging members of the deficit reduction super committee to “go big.” Now it appears that they will just go away. It’s yet another disappointment in a year that has seen many failed attempts at a “grand bargain”…


The co-chairs of President Obama’s fiscal commission released sweeping proposals last week that won praise from The Concord Coalition and many other analysts while drawing fire from some strident voices at both ends of the political spectrum.The proposals from co-chairs…


Although today’s election will change the political landscape in Washington, unpleasant fiscal realities will remain: Rapidly rising medical costs, a Social Security system headed for insolvency, a deeply flawed tax system and federal debt that is on an unsustainable track.Will…


In a marathon session, the president’s fiscal commission heard suggestions late last month from dozens of organizations and individuals on how to fix Social Security, improve the tax system and tackle other difficult challenges facing the country.The bipartisan commission is…


The President’s fiscal commission is dividing its work among three subgroups that will focus on taxes, discretionary spending, and mandatory spending for programs such as Social Security and Medicare.These working groups will meet on Wednesdays, on a rotating basis. The…


With President Obama’s bipartisan fiscal commission preparing for its first meeting tomorrow, some lawmakers are wisely urging its members to put a high priority on public engagement and listening to the views of Americans around the country.“Public forums should be…

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