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To: Justaham

Someone should update the teleprompter from the Bill Clinton era;

Social Security Is Bankrupt Now, Not In 25 Years

http://www.realclearmarkets.com/articles/2010/08/09/not_in_25_years_social_security_is_bankrupt_now_98611.html

For the first time in its history the Social Security program will pay out more money than it takes in. This watershed event will occur this year, to the tune of $41 Billion dollars. Under any rational accounting standards this makes the Social Security program bankrupt. And that’s right now, not in 25 years when the so-called Trust Fund becomes insolvent.


16 posted on 08/14/2010 12:36:09 PM PDT by Son House (The Bush Tax Cuts Produced Better Results Than All The Democrat's Stimulus Bills Combined.)
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To: Son House
Social Security Is Bankrupt Now, Not In 25 Years

But but but..........SENATOR HARRY REID: “People have to stop badmouthing social security. Social security according to CBO, according to the general accounting office, is ok for the next 40 years. And even after that, people will draw 80 or 85 percent of the benefits if we do nothing. So I think we should just stop frightening people about how bad of shape social security is in.” (“Face To Face With Jon Ralston,” 7/9/10)

How can anyone with even half a brain be a DemocRAT?
69 posted on 08/14/2010 6:12:36 PM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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