KenH
Well-Known Member
If I did the math correct, this means a total U.S. national debt projection by 2056, including borrowing to pay Social Security benefits, somewhere in the vicinity $175 trillion.
“Under a borrowing scenario, Social Security’s cash-flow shortfalls between 2026 and 2056 would total approximately $25.4 trillion. Financing those shortfalls would generate an additional $17.1 trillion in interest costs over the same period. On top of that, Social Security-related borrowing between 2010 and 2025 would continue generating interest costs after 2026, adding another $3.9 trillion by 2056. Altogether, the program would add roughly $46 trillion to federal debt between 2026 and 2056. That represents about 34 percent of projected federal debt growth over the period.”
- rest of the article at Borrowing to Avoid Social Security Reform Could Add $46 Trillion to the Debt by 2056
“Under a borrowing scenario, Social Security’s cash-flow shortfalls between 2026 and 2056 would total approximately $25.4 trillion. Financing those shortfalls would generate an additional $17.1 trillion in interest costs over the same period. On top of that, Social Security-related borrowing between 2010 and 2025 would continue generating interest costs after 2026, adding another $3.9 trillion by 2056. Altogether, the program would add roughly $46 trillion to federal debt between 2026 and 2056. That represents about 34 percent of projected federal debt growth over the period.”
- rest of the article at Borrowing to Avoid Social Security Reform Could Add $46 Trillion to the Debt by 2056