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Social Security takes a big step towards insolvency
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Thursday, March 25, 2010
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From The Business Insider:

Social Security will pay out more in benefits than it receives in payroll taxes this year, the first big milestone on the road to its eventual insolvency.

Thanks to a surge in benefits and a collapse in paychecks, this plunge into the red comes 6 years faster than the most recent CBO estimate predicted (It had been 2016).

The CBO has...

Read full article...

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Topics: Government_Stupidity | Boondoggle
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