The next president faces a rewrite of the Trump-era tax cuts and ballooning debt. Budget experts break down what voters need to know.
changes to retirement age"certainly should be on the table." "It is unrealistic to say you're not going to touch entitlements."
Maya MacGuineas, president of the CRFB, said an increase in the retirement age is a sensible idea that would help modernize Social Security. "The system's gone so far out of balance that raising the retirement age is not enough to get you very far," Steuerle said."It's not going to get over the current crisis, which is basically due to the fact that the Baby Boomers are retiring. They started retiring about 2008 on Social Security and they'll be done around 2035 or so.
And that's if the employees were terminated immediately, which would require changes to existing laws protecting federal workers. Cutting from other departments wouldn't be easy for Republicans either, says Bobby Kogan, senior director of federal budget policy at the Center for American Progress.
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