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Remember, trust fund increases (shown here properly as debt "in the red") are the combination of one year's surplus (stolen overpayments) plus interest paid against the previous year's balance.
1. This chart illustrates the hole or pit of debt we are digging for ourselves. To view a more typical chart of where we should be if the government had not stolen surplus funds click here.
2. What everyone refers to as one trust fund is actually the combination of the Federal Old Age & Survivors Insurance Trust and the Federal Disability Insurance Trust Fund.
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SOCIAL SECURITY'S RUNNING TAB
Deeper & Deeper in Debt
(in billions)
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FISCAL 2008
(in millions)
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Month
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FOA&SI
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Disability
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Total
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% nat'l debt
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Open
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$1,968.3
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$213.8
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$2,182.1
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24.3
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| 10/2007 |
$1,970.8
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$212.3
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$2,183.1
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24.0
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11-2007
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$!,970.8
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$212.3
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$ 2,183.1
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24.2
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| 12-2007 |
$2,024.4
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$215.0
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$2,239.4*
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24.3
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1-2008
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$2,042.6
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$215.9
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$2,258.5
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24.5
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This is after deducting $37.9 billion in semi-annual interest against the 2006 ending balance. |
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FISCAL 2007
(in millions)
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Month
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FOA&SI
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Disability
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Total
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% nat'l debt
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Open
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$1,793.1
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$202.2
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$1,995.3
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23.5
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10/2006
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$1,795.4
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$200.7
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$1,996.1
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23.2
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11/2006
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$1,796.9
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$199.7
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$1,996.6
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23.1
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12/2006
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$1,845.3
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$203.9
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$2,049.2
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23.6
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1/2007
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$1,862.3
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$205.1
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$2,067.4
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23.7
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2/2007
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$1,866.7
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$205.5
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$2,072.2
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23.8
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3/2007
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$1,877.7
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$204.8
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$2,082.5
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23.5
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4/2007
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$1,900.5
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$206.7
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$2,107.2
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23.6
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5/2007
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$1,904.8
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$205.9
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$2,110.7
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23.9
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6/2007
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$1,959.1
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$210.8
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$2,169.9
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24.5
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7/2007
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$1,964.7
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$209.9
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$2,174.6
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24.3
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8/2007
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$1,948.8
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$205.7
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$2,154.5
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23.9
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9/2007
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$1,968.3
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$213.8
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$2,182.1
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24.3
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FISCAL 2006
(in millions)
UP $78.2 billion
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Month
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FOA&SI
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Disability
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Total
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% nat'l debt
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Open
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$1,616.2
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$193.3
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$1,809.4
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22.8
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10/2005
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$1,618.7
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$192.2
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$1,810.9
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22.6
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11/2005
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$1,620.3
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$191.5
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$1,811.1
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22.4
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12/2005
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$1,663.7
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$195.7
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$1,859.4
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22.8
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1/2006
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$1,679.1
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$196.8
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$1,875.9
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22.9
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2/2006
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$1,682.8
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$196.4
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$1,879.2
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22.7
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3/2006
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$1,693.1
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$196.7
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$1,889.8
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22.6
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4/2006
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$2,187.9
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$191.6
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$1,911.7
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22.9
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5/2006
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$1,719.7
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$198.2
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$1,917.9
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23.0
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6/2006
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$1,772.3
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$203.6
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$1,975.9
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23.4
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7/2006
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$1,777.5
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$202.7
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$1,980.2
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23.5
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8/2006
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$1,785.2
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$202.2
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$1,987.4
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23.5
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9/2006
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$1,793.1
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$202.2
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$1,995.3
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23.5
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FOA&SI is the Federal Old Age & Survivors Insurance trust fund and "Disability" is the Federal Disability Insurance trust fund. The two are usually combined and referred to as one fund, the "Social Security Trust Fund." See running "Receipt-Outlay" tables for details. |
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Fiscal 2005
UP $173.4 billion
$86.5 billion surplus
$86.7 interest
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Month
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FOA&SI
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Disability
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Total
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Percent of debt |
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Start
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$1,452.6
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$182.8
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$1,635.4
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22.2
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| 10/2004 |
$1,457.1
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$182.2
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$1,639.4
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22.1
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| 11/2004 |
$1,459.1
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$181.7
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$1,640.8 |
21.8
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| 12/2004 |
$1,500.8
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$186.2
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$1,687.0
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22.2
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1/2005
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$1,515.9
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$187.5
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$1,703.4
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22.3
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2/2005
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$1,517.6
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$186.7
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$1,703.7 |
22.1
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3/2005
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$1,524.1
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$186.6
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$1,710.7 |
22.0
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4/2005
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$1,543.3
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$188.4
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$1,731.7 |
22.3
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5/2005
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$1,546.6
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$188.1
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$1,734.7
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22.3
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6/2005
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$1,598.8
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$193.7
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$1,792.5 |
22.9
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7/2005
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$1,604.7
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$193.2
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$1,797.9 |
22.8
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8/2005
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$1,607.3
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$192.8
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$1,800.1
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22.7
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9/2005
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$1,616.2
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$193.3
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$1,809.4
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22.8
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Fiscal 2004
UP $151.2 billion
$71.1 billion surplus
$80.1 billion interest
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Month
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FOA&SI
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Disability
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Total
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Percent of debt |
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Start
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$1,313.4
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$170.8
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$1,484.2 |
21.9
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| 10/2003 |
$1,316.1
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$170.6
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$1,486.7 |
21.6
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| 11/2003 |
$1,317.9
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$170.9
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$1,487.8 |
21.5
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| 12/2003 |
$1,355.1
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$175.3
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$1,530.4 |
21.8
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1/2004
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$1,369.6
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$176.9
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$1,546.5 |
22.1
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2/2004
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$1,371.3
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$176.8
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$1,548.1 |
21.8
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3/2004
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$1,376.1
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$176.7
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$1,552.8 |
21.8
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4/2004
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$1,395.2
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$179.0
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$1,574.2
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20.1
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5/2004
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$1,398.7
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$178.5
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$1,577.2
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21.9
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6/2004
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$1,441.0
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$183.5
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$1,624.5
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22.3
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7/2004
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$1,445.4
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$183.4
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$1,628.8
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22.3
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8/2004
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$1,447.1
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$182.7
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$1,629.8
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22.2
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9/2004
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$1,452.6
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$182.8
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$1,635.4
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22.2
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TRUST FUND
Fiscal 2003
UP $155.2 billion
$81.8 billion surplus
$73.4 billion interest
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Month
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FOA&SI
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Disability |
Total
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Percent of debt |
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Open
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$1,173.8
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$155.3
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$1,329.0
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21.3
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10/2002
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$1,176.4
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$155.2
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$1,331.6
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21.2
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11/2002
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$1,178.3
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$155.2
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$1,333.6
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21.0
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| 12/2002 |
$1,217.7
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$160.4
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$1,378.1 |
21.5
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1/2003
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$1,230.9
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$162.0
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$1,392.9 |
21.7
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2/2003
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$1,233.8
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$162.3
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$1,396.1 |
21.7
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3/2003
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$1,239.1
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$163.0
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$1,402.1 |
21.7
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4/2003
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$1,256.2
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$165.3
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$1,421.5
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22.0
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5/2003
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$1,260.4
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$165.2
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$1,425.5
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21.7
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6/2003
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$1,303.5
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$170.7
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$1,474.2
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22.1
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7/2003
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$1,307.1
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$171.0
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$1,478.1 |
21.9
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8/2003
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$1,309.1
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$170.8
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$1,479.9 |
21.8
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9/2003
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$1,313.4
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$170.8
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$1,484.2 |
21.9
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$88.9 billion surplus - $70.2 billion interest
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$98.7 billion surplus - $64.1 billion interest
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$94.5 billion surplus - $53.6 billion interest
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FOA&SI is the Federal Old Age & Survivors Insurance trust fund and "Disability" is the Federal Disability Insurance trust fund. The two are usually combined and referred to as one fund, the "Social Security Trust Fund." |
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