"According to the new report, Social Security is 100 percent funded
for the next eighteen years. It is 95 percent funded for the next 25
years. It is 87 percent funded for the next fifty years. And 84 percent
funded for the next three-quarters of a century.The projected
shortfall over the next three-quarters of a century amounts to just 0.95
percent of the nation’s Gross Domestic Product (GDP). In contrast,
military spending after the 9/11 terrorist attack increased 1.1 percent
of GDP virtually overnight. Spending on public education nationwide went
up 2.8 percent of GDP between 1950 and 1975, when the baby boom
generation showed up as school children."
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