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Experts Disagree on Consequences of Social Security Shortfall
The Washington Post; subscription may be requiredLink to more items from this source
Jan. 3, 2005
Excerpt: In just 14 years, the nation's Social Security system is projected to reach a day of reckoning: Retiree benefits will exceed payroll tax receipts, and to pay its bills the system will have to begin redeeming billions of dollars in special Treasury bonds that have piled up in its trust fund. To redeem those bonds, which represent money taken in years when Social Security ran a surplus and used for other government operations, the federal government would likely have to cut other[.]

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