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What could it mean to Social Security Trust Fund with a lot less money coming in

Paul Brandus, the White House bureau chief for West Wing Report, writes in an Opinion column on MartketWatch.com, titled “Thanks to COVID-19, Social Security’s day of reckoning may be even closer than we thought.” He explains the collapse of the economy practically overnight, with 22 million Americans having lost their jobs in the last four weeks. The result, of course, is a lot fewer people paying those payroll taxes into Social Security system.  So with a lot less money coming in, and a lot more soon be going out, this could mean the depletion of the trust fund sooner than 2035, possibly 2033. Read Mr. Brandus’ opinion column here…

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