CBO reduces the expected lifespan of the Social Security program – Yahoo Finance

Several Social Security cards are stacked on top of each other. of Congressional Budget Office (CBO) Release New reports Estimating benefit payment schedules social security The program states that the Old Age and Survivors Insurance (OASI) Trust Fund will “decrease to zero” in fiscal year 2034, and the Disability Insurance (DI) Trust Fund will similarly […]

Undocumented immigrants will boost economy, lower deficit, CBO says

According to a study by the Congressional Budget Office (CBO), the increase in the U.S. illegal immigrant population is expected to reduce the budget deficit by nearly $1 trillion over the next decade. CBO ForecastThese are based on the net amount of economic activity generated, taxes paid, and benefits allocated by the immigrant groups included […]