committee for a responsible federal budget

At 75, Social Security Is Showing Its Age

America's Social Security system celebrates its 75th anniversary today. Hurray. Thanks to this program, more than 55 million elderly or disabled Americans (and their dependents) receive an average of $1,070 each month. Yet, for all the retirement security that the program provides, its future looks bleaker than ever. Earlier this month, the trustees for the Social Security Administration reported that the system will not be able to pay full benefits after 2037. Despite the dismal forecast, most politicians steer clear of any serious attempt at reform. It's one of those issues described as ...

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