Social Security’s Deficits

 

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Social Security’s programs are running large and increasing cash-flow deficits, as revenues from the payroll tax and the taxation of benefits are insufficient to cover the total cost of benefits. Because the government is borrowing the money to pay full Social Security benefits, the program is already adding to the deficit.

Additional Sources:

Social Security Administration

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Date Produced: February 1, 2017

Source: Congressional Budget Office

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