With so much talk about the sustainability of Social Security programs, it's important that Texans are aware of exactly what legislators mean when they talk about the "Social Security trust fund." What people should keep in mind is that there is a difference between the old-age Social Security fund and the disability Social Security fund, though politicians and the Congressional Budget Office frequently refer to both accounts as if they are the same.
A 2012 CBO report said the Social Security Disability Insurance fund is expected to run dry in 2016; that is, unless legislators make some changes to the system. By contrast, the Old Age and Survivors Insurance account is projected to last significantly longer -- until 2038.