Wednesday, July 4, 2012

Social Security is in Big Trouble!!!

There is an excellent article by Bruce Krasting on how Social Security may blow up much faster than most think.  Read his article at http://brucekrasting.blogspot.com/2012/07/bernanke-my-goal-is-to-destroy-social.html

The key quote from the article states "Based on current law, all Social Security benefit payments must be cut by (approximately) 25% when the Social Security Trust Fund (SSTF) is exhausted"


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