See http://brucekrasting.blogspot.com/2011/05/social-security-tf-we-lost-11-trillion.html
From the recent report:
The open group unfunded obligation over the 75-year projection period has increased from $5.4 trillion (present discounted value as of January 1, 2010) to $6.5 trillion (present discounted value as of January 1, 2011).
I thought it was already almost $8 trillion in the red, so I am not sure which number is more accurate. The rate of the decline is more of a cause for alarm.
His conclusion:
"The NPV of the unfunded liabilities at SS are now growing by at least $100b a month. One would think that this massive cost would spur some response in D.C. Don’t count on it. As a result, SS is going to come off the rails in about two years."
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