Sunday, May 17, 2009

CRFB releases Social Security issue brief

The Committee for a Responsible Federal Budget released a summary and discussion of the new 2009 Social Security Trustees Report.

Although its problems are not as large as Medicare's, Social Security still represents the single largest government program – and projections show its costs are growing faster than its revenues. Addressing Social Security now leaves more time to phase-in changes, making it easier for workers to adjust. Acting on Social Security now will also signal to markets and lenders that we are dedicated to controlling our debt, and will signal to the American public that our political system still works, and is capable of making hard choices.

Click here to read the whole article.


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