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Asked by Leslie

I'm rather confused about the whole Social Security may go bankrupt thing...since our nation is $14+ trillion dollars in debt, why would Social Security benefits stop if money runs out, since we borrow for everything else?
15 years ago

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Answered by Ms. Sue
Social Security is funded by taxes on current workers' incomes. A deficit may occur when the Social Security payments to recipients is more than the taxes on current workers.

15 years ago

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