Social Security Can't Pay Promised Benefits
Beginning in 2018, Social Security will take in les money than it pays out, say Social Security's trustees. These deficits will have to be made up by redeeming bonds in the Trust Fund from general revenues--in other words, regular taxes. Under current law, the deficits come to an end when the Trust Fund runs dry. The trustees predict that will happen in 2042, at which point benefits will be cut automatically to match revenues. Congress could choose to pay promised benefits, but the burden of doing so would be massive and unprecedented.
Hi-Res image: Social Security Can't Pay Promised Benefits
