What Happened to the Social Security Lockbox?

Remember the Social Security Lockbox?

It was the talk of the town about eight years ago, before Hurricane Katrina and the War on Terror. The purpose of the lockbox was to secure that there would be future funds for recipients of Social Security.

During the 109th Congress, from January 3, 2005 until January 3, 2007, not a single member of Congress was signed onto lockbox legislation.

Fortunately, 20 members have already signed on to the 110th Congress and are showing their support. Unfortunately, the budget is in a deficit and if they want to pay back the IOU’s they are going to have to either raise the retirement age, reduce benefits or raise taxes.

Will this help future generations in getting the Social Security benefits and social security disability benefits they are paying in for now? Not likely.

The Trustees say that the Social Security Trust Fund is expected to be in deficit by 2017. As if that isn’t enough, they also expect the Social Security Trust Fund to be bankrupt by 2041.







For information on Social Security Disability, visit the

Social Security Disability SSI Resource Center














Additional Resources

Some children may be eligible to receive disability benefits
Social Security considers children
Processing a Social Security disability to be approved
Social security disability SSI stopped
Approving a social security disability claim
Receive social security disability after approved