The Financial Condition of the Social Security and Medicare Trust Funds
The reports provide both the short-and long-term financial outlooks for the trust funds.
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The reports provide both the short-and long-term financial outlooks for the trust funds.
The combined Social Security trust funds are projected to be fully depleted by 2034 — just 18 years from now.
https://www.pgpf.org/analysis/2016/06/trustees-warn-social-security-in-financial-trouble
The Youth Summit, entitled Democracy 2.0: Exploring the Millennial Generation's ROI, will convene today's leading youth voices as well as a number of newcomers who will offer fresh perspectives and thoughtful proposals for reform and change.
"Over the long term, the president’s budget leaves in place a permanent mismatch between revenues and spending that will fuel a rising and unsustainable debt."
Peter G. Peterson pens an op-ed in the Wall Street Journal about tax aversion syndrome.
https://www.pgpf.org/press-release/tax-aversion-syndrome-and-our-deficit-future-by-peter-g-peterson
A government shutdown is costly, but failing to raise the debt limit could have more severe and lasting consequences.
Though the economy continues its recovery and we have made some progress on deficits, our deficits will begin growing again soon, and major long-term fiscal challenges remain.
"In today’s reports, once again, the trustees warn us that Social Security and Medicare face serious challenges."
"The era of declining deficits has clearly come to an end."
Michael A. Peterson, President & COO of PGPF, commented today following the release of the President's FY2016 Budget.