The Financial Outlook for Social Security and Medicare (Congressional Research Service)
Book Details
Author(s)David Koitz Congressional Research Service, Geoffrey Kollmann Congressional Research Service
PublisherNinety-Nine Cent Publishing LLC
ISBN / ASINB0032FPVYA
ISBN-13978B0032FPVY3
MarketplaceUnited Kingdom 🇬🇧
Description
The Financial Outlook for Social Security and Medicare
Congressional Research Service
....The combined expenditures of Social Security and Medicare are now higher than
the taxes and premiums collected to support them, and even with this recent
improvement in the two programs’ condition, their expenditures are projected to remain
higher than their receipts indefinitely. While their income is projected to hover around
7% of the gross domestic product (GDP) well into the future, their cost would rise from
7% today to 12% in 2025......
Congressional Research Service
The Congressional Research Service (CRS) serves shared staff to congressional committees and Members of Congress. CRS experts assist at every stage of the legislative process — from the early considerations that precede bill drafting, through committee hearings and floor debate, to the oversight of enacted laws and various agency activities.
CRS's analytic capabilities integrate multiple disciplines and research methodologies. In a fast-paced, ever-changing environment, CRS provides Congress with the vital, analytical support it needs to address the most complex public policy issues facing the nation. Its work incorporates program and legislative expertise, quantitative methodologies, and legal and economic analysis.
Congressional Research Service
....The combined expenditures of Social Security and Medicare are now higher than
the taxes and premiums collected to support them, and even with this recent
improvement in the two programs’ condition, their expenditures are projected to remain
higher than their receipts indefinitely. While their income is projected to hover around
7% of the gross domestic product (GDP) well into the future, their cost would rise from
7% today to 12% in 2025......
Congressional Research Service
The Congressional Research Service (CRS) serves shared staff to congressional committees and Members of Congress. CRS experts assist at every stage of the legislative process — from the early considerations that precede bill drafting, through committee hearings and floor debate, to the oversight of enacted laws and various agency activities.
CRS's analytic capabilities integrate multiple disciplines and research methodologies. In a fast-paced, ever-changing environment, CRS provides Congress with the vital, analytical support it needs to address the most complex public policy issues facing the nation. Its work incorporates program and legislative expertise, quantitative methodologies, and legal and economic analysis.
