WASHINGTON (AP) -- Sick and getting sicker, Social Security will run at a deficit this year and keep on running in the red until its trust funds are drained by about 2037, congressional budget experts said Wednesday in bleaker-than-previous estimates....
Social Security Fund Now Seen To Be Empty By 2037
By STEPHEN OHLEMACHER, Associated Press
Wed, 01/26/2011 - 11:54pm
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VERIFY readers asked if the president can change Social Security. Its tax rate and benefits are set by law, so it would take an act of Congress to change them.
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11/21/2024 - 12:57 pm | View Link - Op-Ed: Robbing Peter to Pay Paul’s Social Security benefits cannot last forever
Back in the 1980s, the last time that Congress was able to agree on changes to Social Security, U.S. Sen. Daniel Patrick Moynihan (D-NY) coined a pivotal axiom about consensus building: You are ...
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