Wednesday, January 26, 2011

"The biggest problem with Social Security"


Yahoo Article Comment By XX:

"The biggest problem with Social Security is that the excess money received in any year over the past 3/4ths of a century has been SPENT ALREADY. If it weren't already spent, there would actually be a trust fund that could pay benefits.

Instead, the government borrows that money and spends it right away in the same year. This is something Republicans and Democrats are now facing: now that the money is spent, they have to borrow more money to pay Social Security back."

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