Sparky
26th April 2012, 08:32 PM
Here's the most important takeaway chart. Annual outlays are exceeding revenue collection for the first time since the payroll tax was increased in 1983. This occurred several years ahead of expectations from just a few years ago.
http://www.ssa.gov/oact/tr/2012/images/II_project_IID4.gif
Figure II.D4.—OASDI Cost and Non-interest Income as a Percentage of GDP
http://www.ssa.gov/oact/tr/2012/images/II_project_IID4.gif
Figure II.D4.—OASDI Cost and Non-interest Income as a Percentage of GDP