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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (16332)5/9/2005 10:10:44 PM
From: DavesM  Read Replies (2) | Respond to of 361292
 
re: "The "shortfall" for SS is estimated at 1.2% of GDP over the next 75 years."

That is IMO wrong. According to CBO, by 2026 outflows from Social Security will be larger than inflows to the tune of about 3% of GDP (which means that the Social Security Payments ALONE will increase the Federal Deficit by 3% of GDP) - and this will will go up each year till it reachs 5% of GDP by 2041.


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