I know I'm a financial nerd. So much so that I subscribe the the Social Security Administration's monthly digest bulletin. Sound exciting? Ok, maybe not but here's some news you may find interesting.
2017 is the year the projected point at which tax revenues will fall below program costs. Translation. Benefits being paid out exceed money coming in. Ouch. If this is only 9 years away, why isn't anyone talking about it?
I'm not a "sky is falling" person. I do think this topic should be on the forefront of what our elected officials should be talking about.
And if you were wondering, The projected point at which the Trust Funds will be exhausted comes in 2041.
Wednesday, April 09, 2008
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