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In reply to the discussion: Social Security heading for insolvency even faster [View all]happyslug
(14,779 posts)That is what the actual table indicate.
http://www.socialsecurity.gov/OACT/TR/2012/lr4b3.html
It sounds like what SSA will pay NOTHING, when all actual table say SSA will be only able to pay 75%. That is NOT exhaustion of the Social Security, just of the surplus that has been built up since Reagan.
What is upsetting the GOP, is that at the present time the surplus is no longer becoming bigger, Social Security has to go to the Treasury and ask for the money the Treasury borrow under, Reagan, Bush, Clinton, Bush jr and Obama. Social Security is no longer a cash cow, it is a drain on the Treasury.
Part of the report that shows that the surplus is no longer getting bigger, but SS is costing the Treasury since 2009.
http://www.socialsecurity.gov/OACT/TR/2012/lr4b1.html
The complete report if you want to research it:
http://www.socialsecurity.gov/OACT/TR/2012/lrIndex.html