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The "Social Security Trust Fund" comprises two separate funds that hold federal government debt obligations related to what are traditionally thought of as Social Security benefits. The larger of these funds is the Old-Age and Survivors Insurance (OASI) Trust Fund, which holds in trust special interest-bearing federal government securities ...
The CBO estimates it will cost nearly $200 billion over the next decade and speed up the insolvency of the program’s trust fund by six months. The Social Security trust fund is predicted to be ...
Sen. Thom Tillis, R-N.C., said the Social Security trust fund is less than 10 years away from being insolvent, and said this bill will speed that up. ... Congress approves change to Social ...
“For more than 40 years, the Social Security trust funds have been artificially propped up by stolen benefits that millions of Americans paid for and that their families deserve,” said Reps ...
As it stands, the Social Security Trustees expect the program to deplete its trust fund by 2033. At that point, incoming tax revenue will only cover an estimated 79% of scheduled benefits.
Continued high unemployment levels also lowered the amount of Social Security tax that could be collected. These two developments were decreasing the Social Security Trust Fund reserves. [62] In 1982, projections indicated that the Social Security Trust Fund would run out of money by 1983, and there was talk of the system being unable to pay ...
"For more than 40 years, the Social Security trust funds have been artificially propped up by stolen benefits that millions of Americans paid for and that their families deserve," they said in a ...
The Social Security Trust Fund is projected to be depleted by 2035, which could result in reduced benefits if action isn’t taken. ... So to tweak them, Congress must first change the law, and ...