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Social Security Deficits Place Large and Growing Straing on Federal Budget

Created on May 31, 2013

Social Security Deficits Place Large and Growing Straing on Federal Budget

CHART 1

Federal budget deficits

Social Security cash-flow deficits

PROJECTED FEDERAL DEFICITS, IN BILLIONS OF DOLLARS

Sources: Congressional Budget Office, “Updated Budget Projections: Fiscal Years 2013 to 2023,” May 2013, http://www.cbo.gov/sites/default/files/cbofiles/attachments/44172-Baseline2.pdf (accessed May 30, 2013); and Social Security Administration, “The 2013 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds,” May 31, 2013, http://www.socialsecurity.gov/OACT/TR/2013/index.html (accessed May 31, 2013).

IB 3952

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