B oth the Congressional Budget Office (CBO) and the Social Security trustees conclude that under current law, the program's scheduled outlays will exceed scheduled revenues over ...

In 2047, revenues will equal only 79 percent of scheduled outlays, so payable benefits will be 21 percent lower than scheduled benefits (see Figure 1-3).

In 2049 ?the CBO's projected date for the trust funds' exhaustion ?revenues will equal only 84% of scheduled outlays. Thus, payable benefits will be 16% lower than scheduled ...

... limited resources, the state should invest in higher education capital outlay projects that will ... above 95 percent of that justified in the year of the project's scheduled ...

program?s scheduled outlays will exceed its scheduled revenues during the next 75 years and the program?s annual deficits will be large and growing over the long term.