"Social Security is not sustainable over the long term at current benefit and tax rates. Beginning
in 2010 and continuing in 2011, the program paid more in benefits and expenses than it
collected in taxes and other noninterest income, and the 2012 Trustees Report projects this
pattern to continue for the next 75 years. The Trustees estimate that the trust funds will be
exhausted by 2033. At that point, payroll taxes and other income will flow into the fund but will
be sufficient to pay only 75% of program costs. As reported in the 2012 Trustees Report, the
projected shortfall over the next 75 years is 2.67% of taxable payroll."
the social security administration doesnt seem to have the same confidence in its own future