Showing posts with label Social Security Will Begin Running a Permanent Deficit This Year. Show all posts
Showing posts with label Social Security Will Begin Running a Permanent Deficit This Year. Show all posts

Social Security Will Begin Running a Permanent Deficit This Year




Previously the CBO said we had until 2016, now they’ve revised that estimate:
The Congressional Budget Office said Wednesday that Social Security will pay out $45 billion more in benefits this year than it will collect in payroll taxes, further straining the nation’s finances. The deficits will continue until the Social Security trust funds are eventually drained, in about 2037.