is it going to be insolvent in the next 12 years? dying, no. the program still gonna be there. it s going to work. absolutely. the trust funds are facing insolvency. the first point of the discussion has to be kind of a realistic framing. which is we do have to make changes to social security. there should be zero debate about the fact that changes have to be made one. today 35-year-olds are hitting retirement age. the program is not gonna have enough money to pay full benefits. if we do nothing, there will be across the board 20% or more benefit cuts for everyone. down to the depends on the program for all of her retirement benefits. that s not a good option. there should be no disagreement we have to make changes to social security. there s plenty legitimate disagreement is what should we do to make the program solvent again. you re talking about one option with the senator. a number different ways and that s why i think the real fate should be. number gonna do nothing. which whi
America's two biggest entitlement programs - which make up about a third of the federal budget - are all but certain to remain at the center of the debt ceiling debate, at least when Democrats are speaking.
America's two biggest entitlement programs - which make up about a third of the federal budget - are all but certain to remain at the center of the debt ceiling debate, at least when Democrats are speaking.
According to the 2015 Social Security Trustees Report, the Social Security Disability Insurance (SSDI) Trust Fund is on course to run dry in 2016, six decades after the program began in 1956.[1] Absent reform, disability benefits will be cut across the board by almost 20 percent, and the average disabled worker’s benefit will fall below the federal poverty level.