2018 Social Security Trustees Report shows declining fiscal state of the trust.

For the 75-year projection period, the actuarial deficit is 2.84 percent of taxable payroll, increased from 2.83 percent of taxable payroll in last year’s report.

The closely-related open group unfunded obligation for OASDI over the 75-year period is 2.68percent of taxable payroll, increased from 2.66 percent of payroll in last year’s report.

The open group unfunded obligating for OASDI over the 75-year period is $13.2 trillion in present value and is $0.7 trillion more than the measured level of $12.5 trillion a year ago.

You can choose to believe what you like, but the facts are the facts. There is no surplus. All incoming taxes plus all interest payments, plus redeeming a portion of the trust bond reserve is being used to pay current benefits. Unless there is an infusion of money or a reduction in expenses the trust will be totally depleted in sixteen years.

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