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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 09/28/2009 : 19:41:40
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The deficits — $10 billion in 2010 and $9 billion in 2011 — won't affect payments to retirees because Social Security has accumulated surpluses from previous years totaling $2.5 trillion. But they will add to the overall federal deficit.
What surplus? It's already spent. SS is now a PayGO system; money comes in, money goes out, and the excess is spent on Congressional excesses in the budget. If you're eligible for SS at 62, I'd take it before the money runs out. |
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Job losses, early retirements hurt Social Security
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