Projecting Social Security Benefits
So are cuts of the magnitude indicated by trust fund balances invevitable? No. That’s what will happen with no action by congress. Will congress act? Yes. It’s virtually inevitable. Allowing cuts of this size to current and near-term retiree benefits will be unthinkable politically. Will congress eliminate the cuts altogether? No. The funding challenge and its impact to the rest of the population is what they’ll be up against, and it’s big.