CBO Social Security Analysis
"During the past eight years, the Congressional Budget Office (CBO) has developed
a sophisticated long-term microsimulation model known as CBOLT. The
agency uses the model to analyze the budgetary and distributional effects of the Social
Security program and other federal policies and programs, to evaluate potential
reforms to federal entitlement programs, and to quantify the nation’s long-term fiscal
challenges. This background paper provides a short, nontechnical overview of how the
CBOLT model works."