To generate additional UI tax payments necessary to repay $ 3.5 billion in federal borrowing by 2016, rather than 2018, the Executive budget would: (bcnys.org)
Most privatization plans, like the one just described, involve four basic elements: a promise to retirees and older workers to pay all or most of the Social Security benefits they have earned; a cut in benefits to younger workers; a diversion of Social Security payroll taxes for younger workers into private investment accounts; and increased federal borrowing to offset the diversion of taxes into private accounts. (brookings.edu)
Since 2008, total federal debt has doubled, and the ratio of federal borrowings to GDP has jumped by 40 points, to 77 % in 2017. (fortune.com)