Committee For a Responsible Federal Budget

Committee For a Responsible Federal Budget The Committee for a Responsible Federal Budget is a bipartisan, non-profit organization committed to

๐—ก๐—ผ ๐—ฆ๐˜๐—ฎ๐˜๐—ฒ ๐—ฆ๐—ฝ๐—ฎ๐—ฟ๐—ฒ๐—ฑ ๐Ÿ—บ๏ธ ๐— ๐—ฎ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—œ๐—บ๐—ฝ๐—ฎ๐—ฐ๐˜ ๐—ผ๐—ณ ๐—ฆ๐—ผ๐—ฐ๐—ถ๐—ฎ๐—น ๐—ฆ๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ถ๐˜๐˜†'๐˜€ ๐—œ๐—ป๐˜€๐—ผ๐—น๐˜ƒ๐—ฒ๐—ป๐—ฐ๐˜† Social Security insolvency is less than 7 years aw...
06/03/2026

๐—ก๐—ผ ๐—ฆ๐˜๐—ฎ๐˜๐—ฒ ๐—ฆ๐—ฝ๐—ฎ๐—ฟ๐—ฒ๐—ฑ ๐Ÿ—บ๏ธ ๐— ๐—ฎ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—œ๐—บ๐—ฝ๐—ฎ๐—ฐ๐˜ ๐—ผ๐—ณ ๐—ฆ๐—ผ๐—ฐ๐—ถ๐—ฎ๐—น ๐—ฆ๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ถ๐˜๐˜†'๐˜€ ๐—œ๐—ป๐˜€๐—ผ๐—น๐˜ƒ๐—ฒ๐—ป๐—ฐ๐˜†

Social Security insolvency is less than 7 years away, at which point retirees will face a 24% benefit cut upon trust fund depletion...

Our new first-of-its-kind โ€œ๐™‰๐™ค ๐™Ž๐™ฉ๐™–๐™ฉ๐™š ๐™Ž๐™ฅ๐™–๐™ง๐™š๐™™โ€ report illustrates the potential state-by-state impact of Social Security's insolvency.

Using the projected 24% benefit cut and the most recent state-level data available, we estimate that โคต๏ธ

โžก๏ธ Average monthly benefit cuts would surpass $500 in 29 states.

โžก๏ธ More than 15% of the population would be directly impacted in 47 states.

โžก๏ธ Total benefit cuts would exceed 1% of GDP in 40 states.

๐—ก๐—ผ ๐˜€๐˜๐—ฎ๐˜๐—ฒ ๐˜„๐—ผ๐˜‚๐—น๐—ฑ ๐—ฏ๐—ฒ ๐˜€๐—ฝ๐—ฎ๐—ฟ๐—ฒ๐—ฑ from the potentially devastating effects of Social Security insolvency.

For information on the impact on your home state and how it compares to others, check out the report here ๐Ÿ‘‰ https://www.crfb.org/blogs/no-state-spared-mapping-impact-social-securitys-insolvency

๐Ÿšจ๐—™๐—จ๐—Ÿ๐—Ÿ ๐—”๐—ก๐—”๐—Ÿ๐—ฌ๐—ฆ๐—œ๐—ฆ: Yesterday, the Congressional Budget Office released its 2026 Budget and Economic Outlook. The report has...
02/12/2026

๐Ÿšจ๐—™๐—จ๐—Ÿ๐—Ÿ ๐—”๐—ก๐—”๐—Ÿ๐—ฌ๐—ฆ๐—œ๐—ฆ: Yesterday, the Congressional Budget Office released its 2026 Budget and Economic Outlook. The report has been updated from the January 2025 baseline to account for the One Big Beautiful Bill Act, tariffs, changes in immigration, recent trends in the economy, and other factors ๐Ÿ“ˆ

CBOโ€™s latest projections show:

1๏ธโƒฃ Debt will reach a record of ๐Ÿญ๐Ÿฎ๐Ÿฌ% ๐—ผ๐—ณ ๐—š๐——๐—ฃ by 2036.

2๏ธโƒฃ Deficits will exceed $๐Ÿฏ ๐˜๐—ฟ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป by 2036.

3๏ธโƒฃ Spending is larger and growing faster than revenue.

4๏ธโƒฃ Interest costs will explode.

5๏ธโƒฃ Major trust funds are approaching insolvency.

6๏ธโƒฃ Deficit projections are higher than last year.

7๏ธโƒฃ The economy will surge then normalize, while interest rates will rise.

Read the full analysis of the report here ๐Ÿ‘‰ https://www.crfb.org/papers/cbos-february-2026-budget-and-economic-outlook

01/10/2026

โ˜‘๏ธObjective. โ˜‘๏ธNonpartisan. โ˜‘๏ธCommitted to Fiscal Responsibility.

Follow the Committee for a Responsible Federal Budget for our latest analysis of what's shaping the fiscal conversation in Washington.

๐Ÿ”—https://www.crfb.org/ | ๐Ÿ“ฒ

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