About That Trust Fund
The March 31, Washington Post does a fairly responsible job today when discussing the Social Security trust fund and its implications for the federal budget. In an article entitled, “Recession Puts a Major Strain on Social Security Trust Fund,” reporter Lori Montgomery explains:
With unemployment rising, the payroll tax revenue that finances Social Security benefits for nearly 51 million retirees and other recipients is falling, according to a report from the Congressional Budget Office. As a result, the trust fund’s annual surplus is forecast to all but vanish next year — nearly a decade ahead of schedule — and
Tags: Lori Montgomery, Social Security, Social Security Trust Fund, Washington Post