SOCIAL SECURITY AND DISABILITY INSURANCE...A 29% REDUCTION IN BENEFITS ALREADY MANDATED BY LAW....MORE CUTS TO COME [with Comments by PHB]
In 2010, Social Security (OASDI) unofficially went bankrupt. For the first time since the enactment of the SS amendments of 1983, annual outlays for the program exceeded receipts (excluding interest credited to the trust funds). The deficit has grown every year since 2010 and is now up to 8% annually and is projected to be 31% in 2026 and 44% by '46. The chart below highlights the OASDI annual surplus growth (blue columns) and total surplus (red line). This chart includes interest payments to the trust funds and thus looks a little better than the unvarnished reality.
http://econimica.blogspot.com/2016/07/social-security-and-disability.html
COMMENT BY PHB: NOTE: This is all B.S! The oly reason social security has no money is because the U.S Corporation stole it. Social Security was created with money paid in by the people. These funds were to collect interest and be paid back to the people at retirement, like a bank account held by the government for each participant. Where did the money go? The rats stole it and replaced it wth I.O.U.s!