The reports about the Social Security Administration budget being strained seem never ending but with an operating budget shrinking by 14% from 2010 to 2021 and the number of beneficiaries increasing by 22% to over 70 million, it becomes easier to see why.
Congress will have a chance to intervene and improve upon the current dire situation when it considers a continuing resolution to allow government agencies such as Social Security to continue full operations when the fiscal year begins on Oct. 1. Continuing resolutions typically include what’s known as “anomaly provisions”, the result of which creates an opportunity to provide additional funding for Social Security, something badly need with current budget constraints.