Why Your Social Security Benefits Aren't Secure
The Congressional Budget Office has warned that Social Security's $2.8 trillion trust fund will run dry within 13 years. The reality is that this scenario, or something close to it, is pretty much a foregone conclusion. At this point, even major benefit cuts won't be able to avert a big budget hit.
Despite decades of presidential commissions plotting Social Security reform, Congress is still going full tilt toward that iceberg, seemingly oblivious. Democrats are debating whether to raise benefits for everyone or just for the poor, even as the program's sizable cash deficits are about to multiply.
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