Social Security Archive

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  • Immigration and Social Security
    Paul N. Van de Water
    November 20, 2008

    Increases in immigration tend to improve the financial status of the Social Security program by a modest amount.  Estimates by both the Congressional Budget Office (CBO) and the Social Security actuaries belie contentions that legalizing some undocumented immigrants, or increasing immigration in general, would impair the solvency of …
  • A Balanced Approach to Restoring Fiscal Responsibility
    Henry Aaron, Nancy Altman, Kenneth Apfel, James Blum, Peter Diamond, Robert Greenstein, Richard Kogan, Jack Lew, Marilyn Moon, Van Doorn Ooms, Uwe Reinhardt, Charles Schultz, Robert Solow, and Paul Van de Water
    July 9, 2008

    In a recent paper, “Taking Back Our Fiscal Future,” a group of policy analysts from several Washington think tanks proposed a radical change in budget procedures related to Social Security, Medicare, and Medicaid as a way to address budget deficits projected for future decades. They urged Congress to establish 30-year budgets, or caps, for these programs. The White House would conduct a review every five years. If it projected that expenditures would exceed the caps, the programs would face automatic cuts or related tax increases.

  • Trustees Reports Show Social Security Shortfall Manageable, Medicare's Problems More Daunting
    Paul N. Van de Water
    Revised April 2, 2008

    The annual reports of the Social Security and Medicare trustees project the financial status of these two programs for the next 75 years. The new reports confirm that policymakers will need to take action to keep Social Security and Medicare on a sound financial footing. In evaluating the new reports, the reader should keep several …
  • Long-Term Social Security Shortfall Smaller Than Cost of Extending Tax Cuts for Top 1 Percent
    Kris Cox and Richard Kogan
    March 31, 2008

    The Social Security trustees’ report issued this week estimates that Social Security faces a total shortfall over the next 75 years of 0.56 percent of Gross Domestic Product (GDP).  This is slightly less than the estimated cost over that same period of extending the 2001 and 2003 tax cuts just for the top 1 percent of …
  • What the 2008 Trustees’ Report Shows About Social Security
    Robert Greenstein and Chad Stone
    March 27, 2008

    Executive Summary On March 25, the Social Security Board of Trustees released the 68th annual report on the program’s financial and actuarial status.  The report projects that Social Security’s trust fund reserves will be exhausted in 2041, the same as projected last year.  In 2041, Social Security will be …
  • Statement By Robert Greenstein Executive Director On The New Reports From The Social Security And Medicare Trustees
    March 25, 2008

    Today’s reports demonstrate again that policymakers will need to take action to shore up Social Security and Medicare finances, with the challenge being more modest in Social Security and more daunting in Medicare.  Social Security The reports show that Social Security will be able to pay full benefits until 2041 and to pay 75 …
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