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Now, remember Social Security revenue exceeds expenses up until 2015.
He also warned of the need to find ways of bolstering social security revenue.
Virgin Islands finance authority, $74.2 million of refinery facilities security revenue bonds.
And Mr. Fleisher said the threat to Social Security revenue came from lawmakers' appetite for spending.
Of that, just under $2.5 trillion would come from excess Social Security revenue.
He wants to use excess Social Security revenue -- more than $2 trillion over the next decade -- to do it.
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What does economist Josh Bivens suggest has undermined Social Security revenues?
Social Security revenues are expected to rise as employers shift from paying for health insurance to paying higher wages.
Social Security's unfunded liability — promised benefits over expected Social Security revenues — was $9.2 trillion over the next 75 years, or about 1 percent of the gross domestic product.
For purposes of subsection (a)(3), social security surpluses equal the excess of social security revenues over social security outlays in a fiscal year or years with such an excess and social security deficits equal the excess of social security outlays over social security revenues in a fiscal year or years with such an excess.
Of the nearly $14.2 trillion in debt, roughly $5 trillion is money the government has borrowed from other accounts, mostly from Social Security revenues, according to federal figures.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com