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Under current projections, Social Security will become insolvent by 2037, as more baby boomers retire.
By 2016, under current projections, Social Security will need to draw on its holdings of government bonds to pay benefits.
Under current projections, by 2037 it will be able to pay out only 75percentt in benefits.
Under current projections, Mr. Collender says, they are on track to become the fastest-growing area of the federal budget.
Under current projections, the retirement system will take in more through payroll taxes than it will pay out in benefits for the next 15 years.
By 2037, under current projections, it will have run through a "trust fund" of i.o.u.'s it has collected from the government, and from that point on will be able to pay only 75percentt of promised benefits.
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It also said the welfare cap would be breached in every year under the current projections for the government's finances.
Over a two-term presidency, Newt Gingrich would increase deficits beyond current projections under all three scenarios, as much as $9.7 trillion, while Mitt Romney and Rick Santorum would increase deficits under two of the three forecasts by trillions of dollars.
The Congressional Budget Office estimates that federal Medicaid spending under the Ryan plan would fall 35 percent below current projections by 2022 and 49 percent below by 2030.
June 18 , 10 30a.m.: Because of an error in calculations, a previous version of this article incorrectly stated that a new federal report indicates that the cost of insurance subsidies under President Obama's healthcare law may be running above current projections.
On current projections London's population will swell from just under 8m now to over 9m by 2031, which is roughly the equivalent of annexing Britain's second city, Birmingham.
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