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Social Security Deficits Are Permanent and Growing

Created on June 4, 2013

Social Security Deficits Are Permanent and Growing

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.

Entitlements

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