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The Mother of All Mismanaged Retirement Plans -- Social Security
The Christian Science MonitorLink to more items from this source
[Opinion]
June 16, 2005
Excerpt: While the vast majority of retirement plans are run responsibly, unethically using workers' retirement contributions to fund current expenses, ..., is still an all-too common occurrence. By far, the biggest perpetrator of such shenanigans is the US government. Unlike responsible plan administrators, which save all retirement contributions rather than spend them, the government immediately spends most of our Social Security contributions on current retirees.

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