3 ms·
Social Security Trust Fund Is Going to Start Irreversibly Drawing Down in 2020
- blacksqr 7y agoLinked article states that SS actuarial deficit is decreasing, and projected time of exhaustion of funds is later than predicted last year. In 2016, the CBO projected that the exhaustion date would be 2029 [1]. [1] https://www.cbo.gov/publication/52298 https://www.cbo.gov/publication/52298
- baronmunchausen 7y agoYes, instead of 2019, it is now forecast to be 2020, as in the year that starts two days from now. It only ran a $1 billion surplus in 2019.
- blacksqr 7y agoNot sure what your point is, but my point is that the predicted year of bankruptcy has kept getting pushed further into the future for decades. The predictions are good for generating headlines but not much else.
- joeblow9999 7y agothere's no 'bankruptcy' per se. There's no actual trust fund even. The 'fund' is the equivalent of an government IOU to itself. Nothing more.