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In 1974, the federal government established the Supplemental Security Income (SSI) program to provide cash assistance to people who are disabled, aged, or both and who have low income and few assets. SSI replaced several state-run support programs that had been partially financed by the federal government. In fiscal year 2013, the program will make payments to more than 8 million people at a cost to the federal government of about $53 billion, CBO estimates.
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In fiscal year 2013, more than 8 million people will receive Supplemental Security Income (SSI) payments at a federal cost of about $53 billion, CBO estimates.
Today’s CBO report, Supplemental Security Income: An Overview, discusses how the program works, who receives SSI payments, the program’s spending and its interaction with other government programs, the extent to which SSI affects people’s work and saving, and possible approaches to changing the program.
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Pay-As-You-Go Effects for S. 3637, as introduced on November 26, 2012
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H.R. 6364 would establish a commission to plan, develop, and execute programs, projects, and activities to commemorate the 100th anniversary of the First World War. The 12-member commission would be required to submit various reports to the Congress on its activities and recommendations for commemorating the event. The commission would terminate July 28, 2019. All commission members would serve without pay but would be reimbursed for travel expenses. In addition, the commission could hire staff and use personnel detailed from other federal agencies to complete its work.
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