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Economy OK Now, but the Social Security Bill Will Come

The economy will have three years of growth before the government’s deficit weighs the country down, according to a report on the nation’s economic outlook issued by the Congressional Budget Office. By 2025, the federal budget may be returning to a $1 trillion deficit, mostly thanks to an increase in entitlement spending due to ObamaCare and the Baby Boomer generation collecting Social Security. In the short term, the economy will grow because of low oil prices, higher hourly compensation, and more people returning to the workforce and starting households…Read More

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