Foundation for Economic Education
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Social Security Takes Another Step Toward Abyss
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The 2006 report [of the Social Security trustees], issued last week, seems largely unchanged from last year. Social Security is still projected to start taking in less cash than it spends in 2017 and to exhaust its trust fund in 2040, rather than in 2039. But things are actually worse than last year, because crunch time — when the program starts running a cash deficit — has crept a year closer. (Washington Post [1], Tuesday)
Square circle. Married bachelor. Social Security.
FEE Timely Classic
The Social Security Trust Fund: Savings vs. Saving [2] by Richard W. Fulmer
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/social-security-takes-another-step-toward-abyss/
URLs in this post:
[1] Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2006/05/08/AR2006050801561.html
[2] The Social Security Trust Fund: Savings vs. Saving: http://www.fee.org/publications/the-freeman/article.asp?aid=930
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