the 1997 Surplus Totals $75 Billion
until 2019, every year, even with the most conservative projections, payroll taxes
and interest bring in more money than is needed to pay benefits. The excess revenue
is deposited in a Trust Fund to be used when future costs rise as baby boomers retire.
to Grow to
Annual report of the Board of Trustees of the
Federal Old-Age and Survivors Insurance and Disability Trust Fund
The Trust Fund is
currently $656 billion and is projected to be $3.78 trillion dollars in the year 2020 by
the Social Security Trustees.