June 2013

Spotlight on Expanding Social Security

Money fanned out on a table and a stethoscope

Since 2010, Social Security’s total expenditures have exceeded non-interest income of its combined trust funds at a deficit of $49 billion.[i] Social Security’s trustee report has continued to project deficits that have, unfortunately, come to fruition. In 2011, the deficit was around $45 billion with US taxpayers expending over $132 billion – more than the…

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