Social Security Is In The Red - $5.4 Trillion Trust Fund Surplus Has Been Spent.
Mondaq Business Briefing › Nbr. 2011, January 2011
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Social Security Is In The Red - $5.4 Trillion Trust Fund Surplus Has Been Spent.
Social Security isn't a ticking time bomb--it exploded last year. That was when the System spent more than it took in for the first time since it was "fixed" in 1983. For nearly 30 years accounting gimmicks have hidden, in plain view, the fact that Uncle Sam has long since spent the so-called Social Security "surplus." To provide a needed d...
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