The cumulated surplus in Social Security is $496 billion. We need to know that. You have listed an annual figure of $60 billion or $69 billion. The present surplus, cumulated surplus, in Social Security today is $496 billion headed for maybe $2 trillion in the year 2010. Then a precipitous decline in accordance with the charts of the Social Security Administration.
Alan Simpson: “The cumulated surplus in Social Security is $496 billion. We need to know that. You have listed an annual figure of $60…”
Editor's note · Context
Discussing the financial status of Social Security and its projected future.
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