April 27, 2017

Social Security Deficit Could Mean a 25% Benefit Cut

October 3, 2012
The Fiscal Times


Alice Rivlin, the former director of the Congressional Budget Office and a Clinton era budget chief, said earlier this week that “We do need to put Social Security back on a firm foundation for the future.”

“It is really stupid to wait to do that,” Rivlin said during a budget and health care conference sponsored by the Center for Strategic and International Studies. “We need to assure people currently in the labor force and entering into it that Social Security will be there for them and that they can plan around it.”