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No, social security is running an actuarial deficit. The older generation, which is already richer than the general population, is extracting money at an unsust
by catawbasam 9y ago
No, social security is running an actuarial deficit.
The older generation, which is already richer than the general population, is extracting money at an unsustainable rate.
- phkahler 9y agoThey are redeeming their bonds. The government spent the surplus on other things and issued IOUs to the SSA. Now they're just pissed that they're being called on to pay it back. This is not really a debate - Alan Greenspan even said these bonds are real assets of the fund.