Changes

[[File:National Debt Clock by Matthew Bisanz.jpg|right|thumb|450px|Each one dollar withheld from workers earnings as FICA tax is one dollar added to the [[National debt]]; due to this structural flaw by the founders of Social Security, the U.S. Public Debt can not be paid down by labor.<ref>http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtOwner</ref>]]

[[File:National Debt Clock by Matthew Bisanz.jpg|right|thumb|450px|Each one dollar withheld from workers earnings as FICA tax is one dollar added to the [[National debt]]; due to this structural flaw by the founders of Social Security, the U.S. Public Debt can not be paid down by labor.<ref>http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtOwner</ref>]]

Social security will face many problems in the 21st century, most notably the aging of the population in developed nations, although more problematic in Europe and especially Japan, will strain American social security budgets <ref>Will social security and Medicare remain viable as the US population is aging? (pdf) <i>Henning Bohn</i>[http://www.econ.ucsb.edu/~bohn/papers/Aging.pdf]</ref> In calendar year 2010, Social Security's outlays will exceed tax revenues (that is, the trust funds' receipts excluding interest) for the first time since the enactment of the Social Security Amendments of 1983.<ref>Congressional Budget Office, ''[http://www.cbo.gov/doc.cfm?index=11943 Long-Term Projections for Social Security]'', October 2010. </ref> According to the [[Congressional Budget Office]], Social Security will exhaust its current sources of revenue completely by 2042 and will be "unable to pay full benefits without changes in law."<ref>Ibid.</ref>

Social security will face many problems in the 21st century, most notably the aging of the population in developed nations, although more problematic in Europe and especially Japan, will strain American social security budgets <ref>Will social security and Medicare remain viable as the US population is aging? (pdf) <i>Henning Bohn</i>[http://www.econ.ucsb.edu/~bohn/papers/Aging.pdf]</ref> In calendar year 2010, Social Security's outlays will exceed tax revenues (that is, the trust funds' receipts excluding interest) for the first time since the enactment of the Social Security Amendments of 1983.<ref>Congressional Budget Office, ''[http://www.cbo.gov/doc.cfm?index=11943 Long-Term Projections for Social Security]'', October 2010. </ref> According to the [[Congressional Budget Office]], Social Security will exhaust its current sources of revenue completely by 2042 and will be "unable to pay full benefits without changes in law."<ref>Ibid.</ref>

==Further reading==

==Further reading==