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To: csmusaret

I am not counting the borrowing as spending. I am just counting cash flow: benefits paid versus payroll taxes received. To assert that SS does not have a cash flow deficit, you are counting phony interest payments as in flow.


42 posted on 11/30/2011 6:25:49 AM PST by businessprofessor
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To: businessprofessor

Benefits paid versus payroll taxes received over the life of the program result in a surplus. That surplus will soon turn into a deficit, but as for now Social Security has not added one dollar to our National debt.


43 posted on 11/30/2011 7:05:43 AM PST by csmusaret (The only borders Obama has closed is a bookstore.)
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