Will Social Security run dry by 2037?
Congressional budget experts said Wednesday that Social Security will be running a permanent deficit until about 2037, when the fund will run out of money. The nation’s retirement and disability program suffers from the twin problems of a weak economy with fewer payroll taxes and a growing population of people who need benefits. While many have called for reform, some suspect it will come faster now that the program is in deficit. Social Security has built up $2.5 trillion in surpluses since it was overhauled in the 1980s, and has been supported by that and a 6.2 percent payroll tax, although Congress enacted a tax cut in December that cuts that number down to 4.2 percent. President Obama called for reform in the State of the Union Tuesday night, but he has not acted on his own debt commission’s recommendations.
- You know what, I think that when women say that its a defense so that they wont look so vrlbeuanle. Because women only do Shady stuff if they are using it for revenge. I dont believe that woman naturally wanna be dogs. They do it out of action. There may be some woman out there that are like that but not all.
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