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What We Can Learn from the 2005 Social Security Trustees Report

By Department of Commerce

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Book Id: WPLBN0000699668
Format Type: PDF eBook
File Size: 36.97 KB.
Reproduction Date: 2000
Full Text

Title: What We Can Learn from the 2005 Social Security Trustees Report  
Author: Department of Commerce
Language: English
Subject: Government publications, Department of Commerce and Labor Document, Commerce.
Collections: Department of Commerce Collection
Publication Date:
Publisher: Government Printing Office


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Commerce, E. O. (n.d.). What We Can Learn from the 2005 Social Security Trustees Report. Retrieved from

Excerpt: The 2005 Social Security Trustees' Report comes at a time when public attention has focused on the problems and challenges facing Social Security. A look at the data in that report leads to a clear conclusion: The Social Security program remains on an unsustainable course, requiring prompt, responsible and bipartisan action to fix the program for our children and grandchildren. Social Security Will Begin Running Deficits In 2017. Beginning in 2017, the cost of paying Social Security benefits will exceed the tax revenues generated by the program. These deficits would be permanent, and would grow larger with every following year. The 2017 projection is one year sooner than last year?s projection. The Social Security Problem Will Not Go Away By Itself. While any projection contains some uncertainty, there is almost no chance that Social Security will remain solvent under current law. The Trustees Report shows a 95% probability of permanent deficits beginning between 2013 and 2022. It also shows less than a 2.5% chance that the program will remain solvent for the time today?s toddlers retire.

Table of Contents
Table of Contents: Dedication ii -- Acknowledgments iii -- Summary iv -- Recommendations vii -- I. Introduction 1 -- II. Examples of Programs 5 -- National Level Programs 5 -- Local and Regional Level Programs 16 -- III. Components and Methods of Programs 28 -- Program Components 28 -- Program Methods 32 -- IV. Summary and Recommendations 37 -- Summary 37 -- Recommended Policy Directions 39 -- Notes 45 -- Appendices 50 -- A. Summerworks '94, -- Business Kids Institute -- B. Entrepreneurship Written Event, -- Distributive Education Clubs of America -- C. Loans Made to Young Entrepreneurs, -- Cooperative Assistance Fund -- D. National Youth Business Summit, -- The Entrepreneurial Development Institute


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