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Has congress actually added any money to the Social Security Trust funds, except in cases where they were first taking revenue away (ex. payroll tax breaks)? I
by Brybry 5y ago
Has congress actually added any money to the Social Security Trust funds, except in cases where they were first taking revenue away (ex. payroll tax breaks)?
I thought the issue of potential congress intervention was future funding, for full benefits, not current and past funding.
1937 to 2009 historical receipts/expenditures/balance: https://www.ssa.gov/history/tftable.html https://www.ssa.gov/history/tftable.html
1957 to 2020 reserves/income/costs: https://www.ssa.gov/oact/STATS/table4a3.html https://www.ssa.gov/oact/STATS/table4a3.html
Seems overall to have funded itself well?
- QuarterReptile 5y agoYeah, the fund is expected to run out in 2034 now. And then we'll see what happens. https://www.ssa.gov/OACT/TR/2021/tr2021.pdf https://www.ssa.gov/OACT/TR/2021/tr2021.pdf