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    Social Security Faces Major Financial Challenges

    Social Security currently provides benefits to 59 million Americans, including retired workers, disabled workers, and their spouses and survivors. As the population ages and the large baby boom generation enters retirement, the number of people receiving benefits is expected to climb to 88 million by 2033.

    Social Security faces major financial challenges. In their annual report, which was released Monday, the Trustees warn that without legislative action:


    http://www.pgpf.org/analysis/social-security-faces-major-financial-challenges

    The Congressional Budget Office’s 2011 Long-Term Budget Outlook

    The Congressional Budget Office (CBO) recently published an update of its long-term outlook for the budget and concluded that the federal budget will continue to face intense pressures from the aging of the population and growth in health care costs.i These pressures will push up spending on Social Security, Medicare and Medicaid. If taxes are not increased or spending is not cut, CBO projects that interest costs will climb and federal debt will grow to levels that will damage our economy. CBO’s views about the long-term outlook have not changed much from last year.


    http://www.pgpf.org/analysis/the-congressional-budget-office%E2%80%99s-2011-long-term-budget-outlook

ASK FOR A PLAN

The national debt threatens our economy — but there’s still time to secure our future. Learn more, and ask the 2016 candidates for their fiscal plan.

THE TAX REFORM OPPORTUNITY

Video: Our tax code is complex, unfair, and insufficient. Learn more about the opportunity we have to reform and improve tax policy.