Policy Documents

Downsizing the Social Security Administration

Chris Edwards and Tad DeHaven –
August 9, 2013

This document details the proposed cuts to the SSA.  The author writes that, the Social Security Administration runs the Old-Age, Survivors, and Disability Insurance program, which is the largest federal program. It also runs the Supplemental Security Income program. These programs are growing rapidly and are financially unsustainable without major restructuring. Reforms should aim to promote greater reliance on personal savings for funding periods of disability and retirement.

The Social Security Administration will spend $873 billion in 2013, which is about $7,300 for every household in the nation.