WASHINGTON, DC -- Maya MacGuineas, Executive Director of the Committee for a Responsible Federal Budget, released a statement in response to the Congressional Budget Office releasing its new report on the long-term outlook for Social Security this morning.

The report mirrors the Social Security Trustees' findings that projected revenues will be unable to pay for scheduled benefits. There are differences  between the projections made by CBO and SSA, which are primarily due to differing economic and earnings assumptions, MacGuineas said.

For the full press release, please see the attached PDF file.