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Can We Stop Pretending That the Trustees Reports Are Good News?
National Center for Policy Analysis [NCPA]Link to more items from this source
[Opinion]
July 23, 2015
"[W]hile it is true that the Retirement benefits portion of OASDI (the OAS part) took in more revenue than it paid in benefits last year and has a 'trust fund' of $2.7 trillion, that fund will be exhausted in 2035... [O]ver 75 years, the unfunded obligations for OASDI are $10.7 trillion.... This does not even count the rapidly growing Medicare program ... More can be done to reform many parts of the program while keeping benefits for those who truly need them, from the application process to benefit determination[.]"

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