The Great Social Security Surplus Hoax
Publication Date: July 1988
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Peter J. Ferrara
Research Area: Banking and finance
Keywords: Budget
Type: Report
Abstract:
Fundamental miscalculations have led to much confused and erroneous commentary regarding the future of Social Security financing. While Social Security is projected to run substantial surpluses over the next two decades, these surpluses are not large enough to create surpluses in the federal budget and ultimately pay off the national debt.
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