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Another Viewpoint on Social Security’s Future Financial Picture

Despite the incorrect title, an article by Simon Black a.k.a. James Hickman–the Founder of–provides a glimpse of Social Security’s potential future in the wake of the much-reported depletion of trust fund reserves. What’s incorrect in the title, of course, is the unfortunate use of the term “broke”–a term that has fueled a steady stream of rumors that Social Security’s benefits will cease to exist when the reserves are depleted. As most who’ve studied this serious problem know, exhaustion of the program’s financial reserves will force it to a cash basis, with payouts required to match incoming cash flow. Hopefully, congressional action will emerge–soon–to address this crisis. In the meantime, enjoy Black/Hickman’s analysis of the situation here

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