Posts Tagged ‘budgets and deficits’
“Cabinets Filled with IOUs”: What Remains of the Social Security Trust
With all the talk about budgets and deficits, the inclusion of Social Security in these debates confuses quite a few people, since it’s thought to be a “stand alone “ program that pays for itself. This perspective, however, is quite wrong. Social Security started off as a “pay-as-you-go” system, in which current workers paid for…
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