Social Security Straining the Federal Budget


by The Heritage Foundation on Jul 29, 2015 | Views: 33 | Score: 0
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The Heritage Foundation
The Heritage Foundation on Jul 29, 2015 9:29 AM said:

Social Security’s programs are running large and increasing cash-flow deficits, as revenues from the payroll tax and the taxation of benefits are insufficient to cover the total cost of benefits. Because the government is borrowing the money to pay full Social Security benefits, Social Security is already adding to the deficit.