Member since Mar 2004
re: Shocking statistics from the WSJ, re: entitlement programs (Posted on 1/26/13 at 8:38 am to texashorn)
I can't tell from the way this is written, but to be clear, Social Security has paid out more in benefits than taxes taken in every year since 2010.
was looking for confirmation on that, your link is subscriber-only.
CBO says 2010 is the first year they paid out more than collecting in dedicated tax revenues, although I'm not exactly sure what role the temp payroll tax cuts played in that. I'm sure that timing's not a coincidence though.