Congressional Budget Office

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Social Security

Social Security is the single largest federal program, with outlays of $768 billion in fiscal year 2012. The program has two parts. The Old-Age and Survivors Insurance program pays benefits to retired workers and to their dependents and survivors, and the Disability Insurance program pays benefits to disabled workers and to their spouses and survivors. Social Security benefits are financed by a payroll tax on current workers, half paid by the worker and half paid by the employer. CBO regularly examines various possible changes to Social Security outlays or receipts.

related publications


  • Updated Budget Projections: Fiscal Years 2013 to 2023

    May 14, 2013

  • The 2012 Long-Term Budget Outlook

    June 05, 2012

  • Updated Budget Projections: Fiscal Years 2012 to 2022

    March 13, 2012

  • Background Paper: CBO's Long-Term Model: An Overview

    June 26, 2009
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How CBO Prepares Long-Term Projections of Federal Spending for Social Security and Major Health Care Programs

presentation

May 21, 2013

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Proposal in the President's Budget Request for Fiscal Year 2014 to Use the Chained CPI

data or technical information

May 17, 2013

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Social Security Proposals in the President's Fiscal Year 2014 Budget as Reestimated by CBO

data or technical information

May 17, 2013

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SSA Program Integrity, Reestimate of the President’s Budget, May 2013

data or technical information

May 17, 2013

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Social Security Trust Fund—May 2013 Baseline

data or technical information

May 14, 2013

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Social Security Old-Age and Survivors Insurance—May 2013 Baseline

data or technical information

May 14, 2013

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Social Security Disability Insurance—May 2013 Baseline

data or technical information

May 14, 2013

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H.R. 807, Full Faith and Credit Act

cost estimate

April 26, 2013

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monthly archive

  • June 2013 (7)
  • May 2013 (19)
  • April 2013 (14)
  • March 2013 (22)
  • February 2013 (10)
  • January 2013 (11)
  • December 2012 (4)
  • November 2012 (10)
  • October 2012 (4)
  • September 2012 (6)
  • August 2012 (5)
  • July 2012 (11)
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Differences Between the Traditional CPI and the Chained CPI

posted by Rob McClelland on April 19, 2013

monthly archive

  • June 2013 (7)
  • May 2013 (19)
  • April 2013 (14)
  • March 2013 (22)
  • February 2013 (10)
  • January 2013 (11)
  • December 2012 (4)
  • November 2012 (10)
  • October 2012 (4)
  • September 2012 (6)
  • August 2012 (5)
  • July 2012 (11)
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How Does Growth in the Cost of Goods and Services for the Elderly Compare to That for the Overall Population?

posted by David Brauer & Noah Meyerson on April 19, 2013

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