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The Senior Citizens League Predicts The Next Big Bail Out
The Congressional Budget Office (CBO) recently released grim information about Social Security that went largely unnoticed; warns The Senior Citizens League (TSCL) a nonpartisan seniors organization. According to the CBO’s baseline of the Social Security Trust Fund the part of the program that pays benefits to 11 million disabled workers and dependents will be fully exhausted within three years — nearly 20 years sooner than the retirement program. When that happens, the Social Security trustees estimate that under current law the DI trust fund would have only enough revenues to pay 80% of scheduled benefits...Read More
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