March 23, 2017

Post a New Question

Posted by on Sunday, June 13, 2010 at 11:45pm.

I'm rather confused about the whole Social Security may go bankrupt thing...since our nation is $14+ trillion dollars in debt, why would Social Security benefits stop if money runs out, since we borrow for everything else?

  • Government - , Sunday, June 13, 2010 at 11:59pm

    Social Security is funded by taxes on current workers' incomes. A deficit may occur when the Social Security payments to recipients is more than the taxes on current workers.

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question