Tag: Old Age and Survivors Insurance

Washington DC Capitol view on cloudy sky

Social Security does need fixing, but Congress should debate and vote in full view. Last month, I got an invitation to a forum on “Trust Fund Solutions,” which means Senator Mitt Romney (R-UT) is still pushing his TRUST Act.  One of the bill’s co-sponsors – Senator Angus King (I-ME) – also appeared on the program.&nbs…

Woodlawn,,Md,-,May,4:,Sign,Outside,Social,Security,Administration

Introduction Numerous commissions, individual researchers, and the Trustees of the Social Security system agree that the current Social Security system is not sustainable. The 2003 Trustees’ report forecasts that the program’s two trust funds (Old Age and Survivors Insurance and Disability Insurance) will be empty in 2042. After 2042, Social Security taxes would only cover…