CRFB.org
@BudgetHawks
The Committee for a Responsible Federal Budget is a nonpartisan group of budget experts concerned about this nation's fiscal future.
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💡How do we solve our $40 trillion national debt problem? Check out the recent episode of @smerconish's "Can We Agree?" to hear the discussion and find out how CRFB President @MayaMacguineas proposes to tackle the issue⤵️
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No one leaves until we agree on how to solve the $40 TRILLION national debt. A new episode of "Can We Agree?" is LIVE now on YouTube:
What will it take for lawmakers to address America's $40 TRILLION debt? Apparently, a crisis.
Full discussion:
⏳NEW: Social Security is Now Less Than Six Years from Insolvency
The Social Security retirement trust fund is now less than six years from insolvency, according to CRFB's Insolvency Countdown Clock.
Without action from policymakers, beneficiaries will face a deep and abrupt 22% benefit cut when the retirement fund is exhausted in late 2032. That is when today’s 61-year-olds will reach their normal retirement age and when today’s youngest retirees turn 68.
Slipping below the six-year mark until the insolvency of Social Security’s retirement trust fund is a timely reminder that now is the time for #TrustFundSolutions#.
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🎥WATCH: In the first of a new @SpecialReport series on America's balance sheet, host @BretBaier spotlights the nation's unsustainable debt and deficit. The segment features CRFB President, @MayaMacGuineas, who offers insight into how borrowing affects the national debt, the possibility of a fiscal crisis, the consequences of spending more than growth, and the impact of interest costs on households.
Watch the full clip below ⤵️
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AMERICA'S BALANCE SHEET: As annual federal deficit spending continues to outpace revenue by over 30 percent, @BretBaier takes a look at the compounding pressures pushing the United States toward a potential fiscal tipping point. Lawmakers discuss the dangers of rising borrowing costs, warning that international markets are beginning to demand higher yields on U.S. debt. While experts agree on the policy solutions required to curb the trajectory, the debate highlights deep political polarization over making difficult, long-term fiscal choices.
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