Social Security faces an unfunded liability of $8.6 trillion over the next 75 years.
(CNSNews.com) — Social Security faces an unfunded liability of $8.6 trillion, according to the 2012 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds.
The unfunded liability is the amount that has been promised in benefits to people now alive that will not be funded by the tax revenue the system is expected to take in to pay for those benefits. [..]
The $8.6 trillion in unfunded benefits Social Security is expected to pay over the next 75 years equals $73,167.83 for each of the 117,538,000 households the Census Bureau said were in the United States in 2010.
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we won't be in the hole once we stop giving billions every year to the unsustainable obsolete United Nations. They don't give that money back and they don't tell us how they spend it. They failed their charter from 66 years ago for world peace. Also, NATO. We need to get out of that like the French alread did. We must stop sending money out the country. It ends up in the hands of Muslims who need to murder Christians in order to get to their heaven.
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