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- Report
CBO's 2010 Long-Term Projections for Social Security: Additional Information
- Blog Post
Social Security is the federal government’s largest single program; outlays in fiscal year 2010 totaled $706 billion, roughly one-fifth of the federal budget. About 54 million people currently receive Social Security benefits. Most are retired workers, their spouses, their children or their survivors, who receive payments through Old-Age and Survivors Insurance (OASI). The remainder are disabled workers or their spouses and children, who receive Disability Insurance (DI) benefits.
- Blog Post
This morning CBO released a brief about the Social Security Disability Insurance (DI) program. The DI program pays cash benefits to nonelderly adults (those younger than age 66) who are judged to be unable to perform “substantial” work because of a disability but who have worked in the past; the program also pays benefits to some of those adults’ dependents.
- Report
Economic and Budget Issue Brief
- Blog Post
Social Security is the federal government’s largest single program, and as the U.S. population grows older in the coming decades, its cost is projected to increase more rapidly than its revenues. That trend, in combination with the rising cost of the government’s health care programs, will lead to sharp increases in government spending relative to the size of the economy, placing the federal budget on a path that is unsustainable over the long term.
- Report
CBO anticipates that starting in 2016, if current laws remain in place, the program's annual spending will regularly exceed its tax revenues.
- Report
This report presents a more detailed analysis of the proposals contained in the President’s budget request for fiscal year 2011 than the preliminary analysis that CBO released on March 5, 2010.
- Blog Post
This afternoon CBO released a report presenting its analysis of the budgetary proposals contained in the President’s budget request for fiscal year 2011. This report provides more detail than the preliminary analysis that CBO released on March 5, which was discussed in a blog entry that same day. Our latest report differs slightly from the earlier one because it incorporates the impact of some legislation that has recently been enacted.
- Data and Technical Information
These spreadsheets reflect CBO's estimates, assumptions, and projections at the time the associated publication was released; that is, the spreadsheets are not continuously updated.
- Data and Technical Information
These spreadsheets reflect CBO's estimates, assumptions, and projections at the time the associated publication was released; that is, the spreadsheets are not continuously updated.