The annual Social Security Trustees Reports have projected for several years that the current Social Security program is not sustainable over the long term under scheduled benefits and taxes. But a number of commentators have suggested that the trustees are too pessimistic in their projections, thereby painting an unnecessarily bleak...

Members of the Social Security Advisory Board's 2007 technical panel will discuss its final report, which could alter views regarding the future Social Security financing shortfall and how it might be addressed.

Traditional budget measures-such as the national debt and deficits-are becoming inadequate as federal budget priorities shift increasingly toward social insurance programs. As the baby-boom generation retires and life spans continue to lengthen, the share of retirees in the U.S. population will expand considerably and Social Security and Medicare...

One reform to extend working years and enhance income security in retirement would be to reduce or eliminate the payroll tax for individuals above a given age.

Ballooning costs for Social Security, Medicare, and Medicaid are leading the United States toward fiscal crisis.