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Understanding the Proposed Cuts to Social Security Benefits (PDF)
The Century FoundationLink to more items from this source
May 9, 2005
4 pages. Excerpt: The newly proposed cuts in guaranteed benefits would not reduce the huge amount of federal debt required to finance the previously announced plans for private accounts. Paying for the new accounts would still require $4.9 trillion in additional federal borrowing over the first 20 years of the plan, while depleting Social Security's trust funds more than 10 years sooner than would be the case without private accounts.

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