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From the
U.S. Congress
Social Security
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Summary
As currently structured, the Congressional Budget Office projects in 2052 the US social security administration will deplete its trust fund and only have currently dedicated funds to pay 78% of currently promised benefits./1/Background
In response to this predicted depletion, solutions have been proposed which include privatization, reduced benefit levels, and increased taxation. Privatization was considered but rejected by the 109th congress.Additional Links
Center on Budget and Policy Prorities on Social Security.
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