Social Security Trust Fund: Fig Leaf For New Retirees
By JED GRAHAM
INVESTOR’S BUSINESS DAILY
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Those who live to the average life expectancy, now past 84 for new retirees, will outlive the trust fund by more than four years, according to Congressional Budget Office projections.
At that point, Social Security could pay only about 75% of benefits, resulting in a 25% across-the-board cut to annual benefits if Congress doesn’t act.
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And when something bad happens, who do we hold accountable?
Gooferment, politicians, and bureaucrats long gone!
The little guy gets the weenie.
I am more cynical that the article. I think it could happen to everyone. Me included.
I’ll be too old to do anything about it. And, part of a declining minority with no clout.
Have to get to a better state.
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