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Social Security needs the gift of solvency

(Source – host.madison.com)

Happy 80th birthday, Social Security! Here’s wishing you 80 more. But that will require a bipartisan agreement in Congress to keep America’s popular anti-poverty program solvent. Social Security ensures that tens of millions of older Americans have enough retirement income to subsist. Workers and employers pay a 12.4 percent payroll tax into the system so workers can collect payments in retirement. (For full benefits, the eligibility age is 66, rising to 67 for Americans born in the 1960s) Read more…

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