To: csmusaret
Social security has not added one single dollar to the deficit.
Not true. Social Security will run a $150 billion cash flow deficit this year. Social Security will become a major force in future deficits. The baby boom retirement has just begun. In 10 years, Social Security will run a very large cash flow deficit as though $150 billion today is not a large deficit.
To: businessprofessor
In years past SS ran surpluses which are now being depleted at an alarming rate as you indicate. As yet however, they are still a surplus so SS has NOT added to our deficit. It certainly will if something isn’t done soon. The government doesn’t have the money to repay what it has borrowed (some would say stolen) from those surpluses, and that is what makes many people believe SS is already adding to our debt.
21 posted on
11/29/2011 6:45:27 PM PST by
csmusaret
(The only borders Obama has closed is a bookstore.)
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