Monday, April 30, 2012

Sooner and sooner - Veronique de Rugy notes that the year that Social Security's trust fund runs dry keeps creeping closer and closer, now pegged for 2033.  And, boy, this sounds really familiar: "But the real problem is that, for years, the federal government has used Social Security’s surpluses to pay for roads, education, and wars. Now that the Social Security program will be demanding its money back from the Department of Treasury on an annual basis, the government will have to borrow more and more from investors, increasing the publicly held debt at a greater pace."

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