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Thursday, January 27, 2011

Social Security Drained By 2037

Social Security fund will be drained by 2037
The program has been supported by a 6.2 percent payroll tax paid by both workers and employers. In December, Congress passed a one-year tax cut for workers, to 4.2 percent. The lost revenue is to be repaid to Social Security from general revenue funds, meaning it will add to the growing national debt..........

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