For the millionth time, Social Security adds to the deficit « The Greenroom: "In a bit of new old news, Social Security adds to the federal deficit. This non-shocking piece of news continues to be either ignored or underreported since the political class is petrified of having the geriatric brigade occupying the front lawns of their homes. The current unfunded liability of Social Security is $8.6 trillion over the next 75 years. It adds $165 billion to the budget deficit. This is all due to the payroll tac cut, a dismal economy, and an incremental number of Americans entering retirement age. So, the real question, which has been asked 576432 times, is when will we do something about this."
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