The 2032 Social Security Deadline Looms

“Social Security’s looming insolvency is the country’s most foreseeable problem, a blaring demographic siren threatening automatic benefit cuts in 2032. Congress is trying to work up the nerve to solve it,” the Wall Street Journal reports.

“Discussions on the government’s largest program accelerated this summer with actuarial warnings, hearings and scattered bipartisan efforts. Lawmakers on both sides grasp Social Security’s real challenges. And, eventually, analysts expect Republicans and Democrats to hold hands and jump together to prevent benefit cuts for tens of millions of seniors and perhaps address the program’s long-term health.”

“But Congress rarely acts until it is jammed against a deadline.”