The rot runs deeper than we thought. In May, the public received another update from the Social Security trustees confirming that the Social Security Trust Fund will be insolvent in nine years. But buried in the data was the alarming statistic that the total cost of Social Security insolvency has ballooned to $615 trillion in nominal dollars — yes, trillion. That’s a nearly $100 trillion increase in debt from three years ago. We cannot afford to wait and see how much higher that number will go.

#washingtonexaminer #economy #socialsecurity 

Read the full story here: https://www.washingtonexaminer.com/restoring-america/3068849/social-security-is-in-worse-shape-than-it-looks/