December 28, 2016

When President Franklin D. Roosevelt proposed the Social Security program in 1935, FDR's financial people projected that the total Social Security expenditures would reach $1.3 billion in 1980 or 45 yrs into the future.  Actual outlays in 1980 were $149 billion.  Thus, the analysts in 1935 estimate represented less than 1% of the actual 1980 Social Security expenditures (source:  Social Security). 

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