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Solving the Social Security Funding Dilemma
Social Security is a vital component of the American safety net. Without Social Security many retired and disabled workers –as well as survivors and dependents – would be without a source of steady income. However, Social Security is on an unsustainable path (the debt of the nation is on a similar path). Based on projections by the Congressional Budget Office and various think tanks, the ratio of debt to gross domestic product (GDP) will exceed 100 percent. It is now at 74 percent, the highest since the end of WW II. Read more…
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