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CBO's 2022 Long-Term Projections for Social Security
Congressional Budget Office [CBO] Dec. 16, 2022 "If the gap between the trust funds' outlays and income occurs as CBO projects, then the balance in the trust funds will decline to zero in 2033 and the Social Security Administration will no longer be able to pay full benefits when they are due. Therefore, another set of projections reflects a scenario in which Social Security outlays are limited to what is payable from annual revenues (from payroll taxes and from income taxes on benefits) after the trust funds are exhausted." |
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