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Message
re: Social Security could end in 2035
Posted on 5/7/24 at 6:20 pm to Geekboy
Posted on 5/7/24 at 6:20 pm to Geekboy
quote:
Congress has just over a decade to fix Social Security
SS is virtually the ONLY government program operating in surplus in 2024. That fact will hold true for roughly the next ten years.
In 2035 ... guess WTF happens ....
In 2035 SS begins running at a deficit for the first time in history. In 2035 SS begins running a 20% deficit, projected for the next 100yrs. At the same time our general budget deficits run about 30%.
Posted on 5/7/24 at 6:31 pm to NC_Tigah
quote:
SS is virtually the ONLY government program operating in surplus in 2024.
SS is running a deficit right now. The trust fund will be depleted in 2035.
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