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Text of Treasury Secretary Snow's Testimony on Latest Social Security Trustees' Report
U.S. Department of the TreasuryLink to more items from this source
Mar. 24, 2004

Excerpt: This year's report is little changed from last year's report. It shows that the Social Security program is seriously under funded and financially unsustainable in the long run.... The fundamental math of Social Security is inescapable as the large baby boom generation reaches retirement age and the number of workers paying into the system declines significantly ...

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