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Social Security to run 12% deficit for next decade

Social Security has been running in the red for several years and will see a 12 percent gap between the taxes it’s collecting and the benefits it’s projected to pay out over the next 10 years, according to a report Tuesday from the Congressional Budget Office. And the problem will only get worse as the years go on, CBO said. “As more members of the baby-boom generation retire, outlays will increase relative to the size of the economy, whereas tax revenues will remain at an almost constant share of the economy...Read More

 

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Comments On This Topic

  1. tax all goods made over seas that are shipped to the states and that are made by
    American companies .Tax all goods made by companies
    other than American companies the same rate.
    Lower the rate on goods produced in America

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