Sadly, when the government is fucked, it just passes the fucking on to the rest of us.

Scoresby

This is the same issue as the pensions discussion. A deferment of cost was made and the money was instead used elsewhere for cash flow. Now the bill is due and the government has to pay up at modern costs versus when it borrowed the money. From a ledger perspective, Social Security is fine. From a borrower perspective, the government is fooked.

Politics_And_Law

econ

The Social Security benefit cliff is here. Washington is struggling to wake up.

This is the same issue as the pensions discussion. A deferment of cost was made and the money was instead used elsewhere for cash flow. Now the bill is due and the government has to pay up at modern costs versus when it borrowed the money. From a ledger perspective, Social Security is fine. From a borrower perspective, the government is fooked. 

https://www.cato.org/blog/social-securitys-41-trillion-hidden-government-deficit