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The Social Security and Medicare trust-fund deficits are growing at a combined rate in the vicinity of $1T per year.

If we have Trillion$ to fight useless wars around the world then we have more than enough money to keep Social Security and Medicare running for eternity.>>

Changing the subject, aren't we?

What you are finally understanding is that Social Securities promises vastly exceed the assets it has to pay them. Benefits are paid out of current revenues.

That's the nature of Ponzi schemes. They fail unless new suckers can be found to pour money into them. And Social Security taxes have been raised many times to avoid that failure.

The initial Social security payroll tax was 1%

Seattle Pioneer
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