Homework Help: Government

Posted by Leslie 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 - Ms. Sue, 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.

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