Social Security actually built up a 2.5 trillion dollar surplus since the overhaul in the 1980s. That surplus is suppose to be safe until it runs out in the projected year of 2037. However it is important to note:
The 2.5 trillion dollar surplus has been “borrowed” by the federal government to pay for pet projects for which it was never intended. The Treasury Department has issued bonds to secure repayment with interest.
In the following video, Ron Paul explains how Seniors checks would be almost double if it were not for political deceptive practices:
Many senior citizens are now losing their homes as a result of reverse mortgages. I can only imagine what it must be like for some of the elderly facing homelessness for the first time in their lives.
Before signing a Reverse Mortgage agreement all seniors are advised to understand the obligations imposed upon them by such contracts because they can be unaffordable. Read more about this subject at Forbes.com