Nancy Altman
President, Social Security Works

People's Budget

As Congress and the Trump Administration begin releasing their proposed budgets for FY18, Americans will be eager to know how their elected representatives fund important programs that they deserve and have paid for with their tax dollars. They will also want to know whether their elected representatives use the budget as an excuse to go after Social Security. Social Security has no place in the general budget of the United States. The monies that pay Social Security benefits and related administrative costs do not come from government coffers, but from its own dedicated income, held in trust for its contributors and beneficiaries. The vital program is entirely self-financing, with no borrowing authority. Consequently, it does not add a single penny to the deficit.

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