Saturday, May 14, 2011

Social Security is Out of Money

Medicare & Social Security Deficits Chart

Image via Wikipedia

Based on the graph above, it looks like 2017 has arrived five years early. Washington Times: Social Security deficits now 'permanent':

Social Security will run a permanent yearly deficit when looking at the program’s tax revenues compared to what it must pay out in benefits, the program’s trustees said Friday in a report that found both the outlook for Social Security and Medicare, the two major federal social safety-net programs, have worsened over the last year.

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