Social Security

Paul Ryan's Fiscal Legacy: Lots of Red Ink

By Yuval Rosenberg

House Speaker Paul Ryan announced Wednesday that he won’t seek re-election this year and will retire at the end of his term in January, becoming the most prominent in a wave of Republican lawmakers...
Yellen, Democratic Economists Say Fixing Debt Crisis Isn’t All About Entitlements

By Yuval Rosenberg

Late last month, a quintet of big-name Hoover Institution economists warned in a Washington Post op-ed that a coming “string of perpetually rising trillion-dollar-plus deficits” could soon lead to a...
Which Americans Worry Most About Social Security?

By Yuval Rosenberg

Maybe call it social insecurity? Just over half of American adults between the ages of 50 and 64 say they worry a “great deal” about the Social Security system, according to recent polling by Gallup...
The Old Will Outnumber the Young in the US by 2035

By The Fiscal Times Staff

By 2030, all Baby Boomers will be older than 65, meaning that one in five U.S. residents will be of retirement age, the Census Bureau reports . And by 2035, seniors will outnumber children for the...
The $82 Trillion Problem Washington Has Stopped Talking About

By Yuval Rosenberg

Now that “the anti-deficit hysteria of the Great Recession has given way to a backlash of complacency,” lawmakers and the public are ignoring “an $82 trillion avalanche of Social Security and...

New Budget Projections Show a Rising Tide of Red Ink Ahead

By Michael Rainey

The Congressional Budget Office won’t release new budget projections that include the effects of the President Trump’s tax overhaul until April, but on Friday the deficit hawks at the Committee for a...
Why Trump’s Immigration Plan Could Hurt Social Security

By Michael Rainey

Economists have warned that the Trump administration’s plan to reduce immigration and deport thousands of unauthorized immigrants could impose significant costs in terms of lower growth and lost...
How Trump’s Budget Would Cut the Social Safety Net

By Yuval Rosenberg

As a candidate, President Trump said he would not cut Medicare, Medicaid or Social Security. But his 2019 budget proposal seeks to reduce spending on all three programs and other parts of the social...
Why This Is a Bad Time to Turn a Blind Eye to the Deficit

By Yuval Rosenberg

In a Wall Street Journal column , Princeton economist and former Federal Reserve Vice Chairman Alan Blinder explains why Washington’s race to increase deficits through a combination of tax cuts and...
What Was Notably Absent from Trump’s State of the Union Address

By Yuval Rosenberg

President Trump’s State of the Union address Tuesday night lasted an hour and 20 minutes — the third-longest ever, just nine minutes shy of the record . The president touched on a long list of...

Here’s How Two Lawmakers Plan to Secure Social Security’s Troubled Future

By Eric Pianin

If nothing changes, by the time today’s 50-year old reaches retirement age, Social Security will be paying 21 percent less in benefits than it is today.
Trump Keeps Promise Not to Touch Social Security Reform – Or Did He?

By Edward Morrissey

Give Donald Trump credit for making his political career unique in many ways, to be sure. But one difference, in particular, has become a theme in his presidency: Trump keeps his promises. For the...
Trump’s Tax Plan Could Affect Your Social Security

By Rob Garver

The Trump administration, at work on a new plan for tax reform, is reportedly considering a plan to cross into one of the most dangerous territories in American politics: fiddling with the Social...
8 Reasons You Might Not Get the Social Security Benefits You Deserve

By Matthew Allen, The Fiscal Times

A whopping 70 percent of Americans fail to maximize their Social Security benefits, in most cases because they fall prey to one of the eight basic missteps below. Don’t be one of them. Failing to...
Why Trump Won’t Touch Entitlement Reform…Yet

By Edward Morrissey

Trump needs a lot of money to pay for his grand plans. But tinkering with Medicare, Medicaid, and Social Security before the midterm elections next year is playing with fire.