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 Report: "Social Security and Medicare
Trust Funds and the Federal Budget." By
James Duggan and Christopher Soares.
Department of Treasury, Office of Economic
Policy, May 2009.
Present values recognize that a dollar next
year is worth less than a dollar today,
because a dollar today could be saved and
earn a year's-worth of interest. To create a
present value, future amounts are thus
reduced using an assumed interest rate, and
those reduced amounts are summed. The
resulting present value is the amount that
would have to be put in the bank today at
the assumed interest rate to fund the future
 Calculated with
data from the "2014 Annual Report of the
Board of Trustees of The Federal Old-Age and
Survivors Insurance and Disability Insurance
Trust Funds." United States Social Security
Administration, July 28, 2014.
6: "Table .—Summary of 2013 Trust Fund
Financial Operations (billions $) … Total
income in 2013 [=] "
CALCULATION: $10,600,000,000,000 shortfall / $855,000,000,000 billion income =
– Almost 93% of managers involved in IRS pilot telework program believe there is no problem with data security.
– Security issues are easy to solve, but must be addressed.
– 90% of those charged with security in large organizations feel that home-based workers are not a security concern. In fact, they are more concerned with the occasional work that is taken out of the office by traditional employees who lack the training, tools, and technologies that teleworkers receive.
– Security training should be provided for all employees.