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In reply to the discussion: Social Security heading for insolvency even faster [View all]happyslug
(14,779 posts)25. Congress has been paying it back since 2009
2009 was the last year we had a Social Security Surplus, in 2010 and 2011 we had a deficit that the Treasury had to "make up" i.e pay.
For details see:
http://www.socialsecurity.gov/OACT/TR/2012/lr4b1.html
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Obama's "Deficit Commission" (Simpson-Bowles) recommended a $50,000 cut in lifetime benefits
MannyGoldstein
Apr 2012
#27
And wasn't that before Obama cooked up the 2% cut in Social Security taxes?
dflprincess
Apr 2012
#33
So appointing the two biggest foes of Social Security to run a "deficit commision"
MannyGoldstein
Apr 2012
#32
We simply need to raise the cap on SS funding, and eliminate the Reagan tax cuts.
grahamhgreen
Apr 2012
#30