Created on June 4, 2013
BILLIONS OF DOLLARS
Social Security ran a $55 billion cash flow deficit in 2012, the third year the program paid out more in benefits than it took in through payroll taxes. Without reform, Social Security will increasingly add billions to the deficit and debt each year.
Note: Figures for 2013 and after are estimates in 2013 dollars.
Source: Social Security Administration, 2013 Trustees’ Report. Operations of the Combined OASI and DI Trust Funds, in CPI-Indexed 2013 dollars.
8:30 a.m. - Registration and Continental Breakfast 9:00 a.m. - Welcome and IntroductionAlden Abbott, Deputy Director, and the John, Barbara, and Victoria Rumpel Senior Legal Fellow,Edwin Meese III — Read more
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