The 2011 report from the trustees of Social Security indicates that:
A) Social Security will be bankrupt by the year 2024
B) with no changes to the program, the Medicare Hospital Insurance trust fund will be exhausted in 2024
C) Baby Boomers are specifically responsible for bankrupting the system
D) with no changes to the program, all benefits will be fully-funded through the year 2018

Question

Quizplus · Accepted Answer

The trustees' report indicated that without changes to the program, the Medicare Hospital Insurance trust fund would be exhausted in 2024. This is not the same as Social Security being bankrupt, as the program has its own trust fund. The report did not specifically blame Baby Boomers for any financial issues with the program, and benefits are projected to be fully-funded through the year 2034, not just 2018.

The 2011 Report from the Trustees of Social Security Indicates