Monday, September 27, 2010

Social Security is Stable? Russ Carnahan Seems to Think So

In the Summary of the 2009 Social Security Trustees Report

“Neither the redemption of trust fund bonds, nor interest paid on those bonds, provides any new net income to the Treasury, which must finance redemptions and interest payments through some combination of increased taxation, reductions in other government spending, or additional borrowing from the public.”

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