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, Social Security is already adding to the deficit

Additional Sources:

Social Security Administration

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Date Produced: May 12, 2016

Source: Congressional Budget Office

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