Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: Steve Dietrich who wrote (4718)	3/1/2004 10:59:53 PM
From: CalculatedRisk	Read Replies (1) of 81568

Steve, very good post on Social Security. Let me add that SS is expected to run a surplus of approximately $170 Billion this year. Here are the current stats for Social Security (Billions): Income Outlays Surplus 2002 $539 $393 $146 2003 553 405 148 2004 585 419 166 2005 626 436 190 2006 667 456 211 2007 713 480 233 2008 759 508 251 2009 807 538 269 2010 857 572 285 2011 910 609 301 2012 964 650 314 SOURCE: ssa.gov The annual surplus will continue to grow until around 2017 (at about $350 Billion), and then start shrinking. As you pointed out, the problem is that we are spending on other items. The way SS is being abused, it is essentially a flat tax, that falls heaviest on low and middle income families, that is being used (as you so aptly stated) to shift the tax burden from the wealthy to the low and middle class. Nice post!

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