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CATO on Social Security
CATO has been harsh on candidates in denial about the current state of Social Security. They have presented a chart on projected spending in the next year comparing Social Security and Defense. These areas of the budget are the top two in expenditures, though Defense will take a distant second to Social Security. In 2008 the spending in these two areas was near identical, this year Social Security will take up twice the budget of Defense. The spending in this area will not let up either, it will continue to increase each year. For more information on this subject, visit this article with The CATO Institute.
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