CBO – Social Security in even worse shape than predicted « The Greenroom

CBO – Social Security in even worse shape than predicted « The Greenroom: "The primary (i.e. non-interest) deficits of each half of Social Security will only continue to grow from this past fiscal year, even without counting the effects of the mostly-unfunded payroll tax holiday.
The Disability Insurance part of Social Security will no longer be able to pay out the entirety of its scheduled benefits before the end of the next Presidential term.
Assuming the DI benefits continue to somehow be paid out after the beginning of 2016, the federal government will need to come up with $1.22 billion trillion beyond the payroll tax and taxes on Social Security benefits between this past October and September 2022 to meet the obligations."

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