Social Security Trustees Report For 2005

The annual report of the Social Security trustees for 2005 has finally been released. This document is normally of little public interest. There is a little more interest this year than usual because the report had been delayed due to a dispute between the President and the Senate over the appointment of public trustees. That dispute was settled by the use of recess appointments. The report shows that the trust funds will be depleted in 2040, a year earlier than indicated by the last report.