SSDRC

  Social Security Disability SSI Resource Center Archive Directory

Sunday, June 3, 2007

Unfunded liabilities and Social Security

According to this Washingon times article, surpluses that would have accumulated in the social security trust fund have been exhausted by the current administration, and there does not seem to be an end in sight for this approach to funding the day-to-day operations of government. The most frightening part of the article is the disclosure from a report issued by the social security administration trustees: SSA's unfunded liabilities come to nearly five billion dollars. This is an incredible burden, no doubt, to continually build up for future generations.

Busting open the lock box






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