Apr 30, 2019 | Social Security
Social Security Shortfall Could Be Worse Than Reported
The 2019 Social Security Trustees Report estimates the program's trust funds face a 75-year actuarial shortfall of 2.78 percent of taxable payroll....
Blog | April 2019
Welcome to our blog – The Bottom Line, where you’ll find up-to-date commentary and analysis on the most important news in the fiscal world. Below is a list of our blog posts.
Watch: Unpacking the Social Security Trustees' Report
The Committee for a Responsible Federal Budget hosted a lunch and panel discussion today on Unpacking the Social Security Trustees' Report.
You can...
Apr 25, 2019 | Social Security
Social Security Will Start Spending Trust Fund Reserves Next Year
The 2019 Social Security Trustees' report reminded us that Social Security faces large and rising imbalances, projecting that the theoretically...
Apr 25, 2019 | Social Security
The Good News on Social Security: We Have More Time to Improve Disability Insurance
This week's Social Security Trustees' report warned that the program is on a path toward insolvency, with the theoretically combined trust fund set...
Apr 22, 2019 | Social Security
How Old Will You Be When Social Security's Funds Run Out?
The Social Security Trust Funds are on a path to run out. Use this tool to find out what you stand to lose unless Washington acts.
If you're...
Quick Take: Social Security & Medicare Headed For Insolvency in 16 & 7 Years
The Social Security and Medicare Trustees have released their reports on the financial state of their programs. Both reports show the programs need...
Apr 18, 2019 | Budgets & Projections
GAO: "Federal Government Is on an Unsustainable Fiscal Path"
The Government Accountability Office (GAO) recently released its long-term budget projections, and, like other forecasts, it projects that debt will...
Apr 16, 2019 | Taxes
Maya MacGuineas & Ed Rendell: Tax Day Trauma: Paying for Our Massive National Debt
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. Governor Ed Rendell is the...
Apr 12, 2019 | Budgets & Projections
Maya MacGuineas and Mike Murphy: Disastrous Record Deficits Threaten US Future
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and Mike Murphy is director of the Committee's new initiative, FixUS....
Apr 9, 2019 | Other Spending
House Spending Plan Would Increase Discretionary Spending to Record Levels
The House Budget Committee proposal to raise the caps on discretionary spending would add over $2 trillion in projected debt over the next...