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There’s no doubt America’s fiscal problems are serious and significant, but CBO’s assortment of options offers lawmakers a deep playbook of spending and revenue changes that would put us on a better path.
Most summaries and studies examine Social Security reform from theviewpoint of federal budget impact, tax rates, and thesurvivability of the system, but few consider the overall impact ofreform on the workers it was designed to benefit. Social Securityshould not be reformed or "saved" for its own sake, but only if itmore effectively provides the benefits workers need at a price theycan afford.
Here's what you need to know about the funding crisis the program is facing.
It's something that could hurt current and future retirees big time.
Since its establishment in 1935, Social Security has grown to become the largest program in the federal budget.