Type of Content
Approved Story
1
When they say… The Truth is… The National Committee’s position
is…
Social Security
is going broke
The Social Security Trust Fund currently
holds a $2.7 trillion surplus which is invested, sensibly, in one of the world's
safest investment vehicles-U.S. Treasury
notes. These notes represent the money
borrowed by Congress to offset other
government spending and the interest
collected on that debt. The Trust Fund
will be able to fund full benefits through
2036. After that, even if no changes are
made, FICA contributions to Social Security will cover 77 percent of promised
benefits.
The Trust Fund will be spent down (as planned)
to cover the baby boomer generation’s benefits
over the next 25 years. Congress will need to
make modest and manageable changes to avoid
any benefit cuts after that. Denying the Social Security Trust Fund’s existence is the same as denying the obligation of paying back the money
American workers have contributed; real money
owed to American retirees, the disabled and
their survivors.