"Social Security Trust Fund Underscores Need for Reform" Article Published in E21
Jun 28, 2018
Summary: The Social Security Trust Fund is basically an interest-bearing I.O.U. from the U.S. Treasury to the U.S. Social Security Administration. As long as the federal government is committed to using general revenue to cover all shortfalls in Social Security taxes, the trust fund plays no important economic role or in allocating resources. However, the recent published shortfall in the trust fund underscores the need for fiscal reform.
This article was originally published in E21. The full article can be read here.