On Aug 22, 6:35*pm, "Ed Huntress" wrote:

I *thought* ss reciepts had been overtaken by payments this year?

It hasn't happened yet, Wes. Even when it does, it will have no significant
effect on the debt for a long time to come. But you're looking at the
sources of the national debt, and this one has *not* come into play. Not one
dollar of the debt reflects a SS income shortage.


Which money are you speaking of? The money to pay SS? It comes from current
SS revenue, as always. So far. g



http://www.nytimes.com/2010/03/25/bu.../25social.html

Note that they say "projected," and that not everyone agrees. Recessions are
a big hit on SS, with revenues down and people taking early retirement. It
will swing up and down with the economy for some years to come.


Ed Huntress

It has pretty much already happened. The fiscal year is almost over.
New fiscal year starts Oct. 1. And it is already affecting the
National Debt. Not because the receipts are so much less than the
payments, but because the budget has been relying on a Social Security
surplus for years. Now there is no surplus to use for other
programs. Congress will do something to ensure that there is a Social
Security surplus soon.

Dan