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Market Impact: 0.3
Capitol Hill Gets Social Security Wrong
Source: Bloomberg
Fiscal Policy & BudgetSovereign Debt & Ratings
Social Security's main trust fund is projected to be depleted by 2032, highlighting a material long-term U.S. fiscal-policy challenge. Bloomberg Opinion economist Kathryn Anne Edwards argues that benefit cuts would be the wrong response, implying the need for alternative financing or policy reforms.
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