Depending on who you talk to, the future of Social Security iseither in the toilet or completely salvageable. So who do youbelieve?
The U.S. Social Security Administration’s 2012 annual report forSocial Security reiterated what the report has said for two years,that the program “cannot sustain projected long-run program costsunder currently scheduled financing, and legislative modificationsare necessary to avoid disruptive consequences for beneficiariesand taxpayers.”
According to the SSA, the Social Security trust fund only hasenough funds to pay full benefits through 2033, three years earlierthan was projected in 2011.
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