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White Paper: the Trust Fund, the Surplus, and the Real Social Security Problem
The Cato Institute Project on Social Security Privatization 
Apr. 25, 2002 Excerpt: In reality, the Social Security Trust Fund is an accounting measure, not an accumulation of real assets that can be used to pay future benefits. That means current discussions of Social Security 'lock boxes,' or whether the Social Security 'surplus' is being 'raided,' are essentially irrelevant to the program's future. MORE >> |
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