Published on
Last updated on

Social Security Trustees Release 2008 Annual Report

"Social Security is at a crossroads," recognizes Micheal J. Astrue, Commissioner of Social Security.  The 2008 Annual Report to Congress is a key example of that.  Without change, Social Security is sure to run out of money.

  • Tax revenues will fall below program costs by 2017
  • Trust funds will become exhausted by 2041
  • Over a 75 year period, the Trust Funds would need to require an additional $4.3 trillion to pay all scheduled benefits

Astrue is continuing to work with President Bush and Congress to develop policy solutions.