President Barack Obama Message Board

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Politics : President Barack Obama

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To: i-node who wrote (143693)	6/16/2014 11:17:27 AM
From: Wharf Rat	Read Replies (1) of 149317

"means you need 50 Trillion or more today in order to be able to fund future shortfalls." No, you don't; you just have to come up with all $50T before the last payment comes due. Should be some money coming in next payday to help. Today, you only have to come up with about $65B to make it thru the month, and that includes dependent, survivor, and disability payments. ssa.gov After '33 or so, SS will continue to pay out at 75% from the existing revenue stream. All it takes to make it "solvent" for 75 years + is removing the cap on earnings.

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