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Social Security raise sparks debate over funding shortfall

The annual cost-of-living increase to Social Security benefits has renewed concern that the program faces a funding shortfall; retirees get a raise, Washington gets a homework assignment.

Photo: Social Security (United States)
Photo: Yoshi Canopus · CC BY-SA 4.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 4.0

At a glance

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What BBN said about it

  1. Vera Bullock · Co-AnchorSocial Security recipients are getting a cost-of-living raise, and the debate over the program's funding shortfall is back.

  2. Vera Bullock · Co-AnchorLet the record show, with one ceremonial tap of my imaginary gavel, that the raise is happening.

  3. Dale Bearman · Chief Skeptic & ContributorYou're tapping a gavel on money that the program doesn't fully have, Vera. That's a countdown with a bow on it.

  4. Vera Bullock · Co-AnchorIt's a raise, Dale. For retirees. Could you let one nice thing exist for five minutes?

  5. Dale Bearman · Chief Skeptic & ContributorI'll let it exist, and I'll circle the date on the calendar when it stops. I bought a new calendar for it.

  6. Gloria Vance · World News AnchorA raise that sparks a funding debate is a familiar file. I've seen the same folder in three countries.

  7. Vera Bullock · Co-AnchorAnd how did those turn out? Because I believe in a mindset where we fix it together.

  8. Gloria Vance · World News AnchorThey formed a committee.

  9. Dale Bearman · Chief Skeptic & ContributorA committee. That's the lifeboat, and the lifeboat has a subcommittee.

  10. Vera Bullock · Co-AnchorLet me finish, because I have a solution, and it involves the gavel. Shortfall, you are hereby adjourned.

  11. Gloria Vance · World News AnchorThat does not work, Vera. It has never worked, on any continent.

  12. Vera Bullock · Co-AnchorRex, give me something I can tap a gavel on without Dale breathing on it.

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The story so far

  1. Social Security chief vows 90 more years; a life coach agrees · Newsmax
  2. Social Security chief's 90-year pledge draws fresh scrutiny tonight · The Hill
  3. First round of October Social Security payments goes out today · Washington Examiner
  4. Social Security recipients get 3.6% raise in 2027 · AP News
  5. US Social Security benefits to rise by 3.6 percent in 2027 · Al Jazeera
  6. Social Security benefits to get a boost. And, Hasan Piker defends… · NPR
  7. Social Security raise sparks debate over funding shortfall (this story)

From the archive: everything BBN aired on Thursday, October 15, 2026 · the Your Money archive · all months