About Social Security's future ... Social Security is a compact between generations. For decades, America has kept the promise of security for its workers and their families. Now, however, the Social Security System is facing serious financial problems, and action is needed soon to make sure the system will be sound when today's younger workers are ready for retirement.
In 2017 we will being paying more in benefits than we collect in taxes. Without changes, by 2041 the Social Security Trust Fund will be exhausted [footnote and citation omitted] and there will be enough money to pay only about 75 cents for each dollar of scheduled benefits. We need to resolve these issues soon to make sure Social Security continues to provide a foundation of protection for future generations.
Compact between generations? Promise of security? The "Trust Fund"? Foundation of protection?