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Social Security and the Boomers' Retirement
On Wall Street Link to more items from this source
Feb. 25, 2010
Excerpt: Social Security's surplus is now expected to last until 2037 .... In addition, the nonpartisan Congressional Budget Office reported in September that the program will be operating at a deficit in 2010 and 2011 -- the Congressional Budget Office sees costs exceeding tax revenues by $10 billion this year and by $9 billion next year. The onsalught of ominous data carries with it a flood of dire media reports.... 'Alarmists who claim that Social Security won't be around when today's young workers retire misunderstand or misrepresent the ... projections,' Kathy Ruffing, of the Center for Budget and Policy Priorities, told CNBC.

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