Congress has long dodged any Social Security reforms that would cut benefits, hike taxes, or do both. But those days of procrastination are coming to an end, and some lawmakers are facing up to that reality.
The clock is ticking and getting louder. New projections this month showed that the Social Security trust fund will run out of money sooner than previously thought, meaning benefits would face a 22% cut by 2032 unless adjustments are enacted.
