2012-12-28cnsnews.com

The Social Security program ran a $47.8 billion deficit in fiscal 2012 as the program brought in $725.429 billion in cash and paid $773.247 for benefits and overhead expenses, according to official data published by Social Security Administration.

...

for every 1.67 Americans who worked full-time in the private sector in 2011, there is now 1 person collecting benefits from the Social Security administration.

...

The last time the Social Security program ran a "net cash flow" surplus was in fiscal 2009. In that year, Social Security's revenues exceeded its benefit and overhead payments by $19.358 billion. In fiscal 2010, Social Security ran a $36.8 billion deficit; and, in fiscal 2011, it ran a $47.975 deficit.


Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread