CBO projects large Social Security deficit for decades
The Congressional Budget Office warned that without action Social Security could run a deficit of about 25 billion dollars a year in 1982 dollars over the next 75 years. It outlined options to reduce benefits raise taxes or both including raising the retirement age and taxing half of benefits.
MENTIONED IN THIS ARTICLE
Washington
Social Security
Congressional Budget Office
Congress
Social Security Trustees
Mumic
National Commission On Social Security Reform
CBO
Reagan
Reagan Weighs Jobs Programs to Cut Unemployment
President Reagan weighs unemployment proposals to aid youths and long-term layoff workers while fearing costs amid a looming 200 billion deficit in fiscal 1984. Officials cite tax credits for hiring youths and wage subsidies for new hires as options, with extended benefits expiring year end.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Council of Economic Advisers
Labor Department
Congress
White House
Martin S. Feldstein
Larry Speakes
Bishops Clash Over Nuclear Weapons Policy Debate
Washington AP reports Catholic bishops at the National Conference scrutinize a draft pastoral letter calling for a nuclear freeze and denouncing first use. Hannan denounces it as ignoring defense of Western Europe while Hunthausen praises its spirit and labels deterrence idolatry. Archbishop Laghi urges unanimity amid claims Vatican pressure is absent. About 300 bishops attend as Tuesday sessions unfold.
MENTIONED IN THIS ARTICLE
Washington
U.S
National Conference of Catholic Bishops
Philip M. Hannan
New Orleans
Raymond G. Hunthausen
Seattle
Christ
Pio Laghi
Vatican
U. S
Terence Cooke
New York
Hannan
Europe
Defense
Caspar Weinberger
United States
NATO
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