Effect on Trust Fund
WAIT and SEE...According to the Social Security administration and its advisors, in:
- 2014- First year OASDI outgo exceeds tax income
- 2015 - Year HI trust fund assets are exhausted
- 2020 - Year DI trust fund assets are exhausted
- 2022 - First year OASDI outgo exceeds tax plus interest income
- 2034 - Year combined OASDI trust funds’ assets are exhausted
- 2036 - Year OASI trust fund assets are exhausted
Source: Social Security Solvency: www.ssa.gov/OACT/TRSUM/trsummary.htm