The issue in Social Security is the level of unfunded obligations. This sum is cash that, under current law, will not be spent at all. The national debt, on the other hand, refers to cash that has already been borrowed to cover the gap between the government’s past spending and its past revenue.
The issue in Social Security is the level of unfunded obligations. This sum is cash that, under current law, will not be spent at all. The national debt, on the other hand, refers to cash that has already been borrowed to cover the gap between the government’s past spending and its past revenue. File photo by Patrick Semansky The Associated Press
The issue in Social Security is the level of unfunded obligations. This sum is cash that, under current law, will not be spent at all. The national debt, on the other hand, refers to cash that has already been borrowed to cover the gap between the government’s past spending and its past revenue. File photo by Patrick Semansky The Associated Press

Why Social Security cuts won’t help decrease the debt

December 11, 2016 2:36 PM