Without action, Social Security trust fund will be tapped out in 17 years - Jul. 13, 2017:
"If Congress doesn't act soon, tens of millions of Americans will only receive about three-quarters of their Social Security benefits when they retire in the future.
In an annual report released Thursday, trustees of the government's two largest entitlement programs -- Social Security and Medicare -- urged lawmakers to act quickly to assure Americans they'll be able to get their full retirement benefits.
The trustees projected that the Social Security trust fund will be tapped out by 2034...
"The trajectory is still alarming," said Tom Price, secretary of the Health and Human Services Department in a joint press conference at the Treasury Department..."