Social Security can keep paying old-age checks without trimming benefits or raising taxes until 2033, but Congress has just four years to prevent cuts to Social Security disability checks, writes the system's Board of Trustees in this annual report.
Democratic and Republican leaders both say the government needs to rejigger taxes and benefits to get the Baby Boomers through retirement, by raising payroll taxes, limiting eligibility, or trimming future benefits. But they have so far failed to produce compromise plans, as the gap between future benefits and liabilities keeps growing.