...
to go belly-up sooner than expected?
A year ago, the trustees projected that the Social Security trust fund would start paying out more in benefits than it collects in taxes in 2017 and that the trust fund would be depleted in 2041.
Yah, right around the I was set to retire, go figure. But hey ... guess what?
But many analysts said the worst recession in decades will produce a bleaker forecast for both Social Security and Medicare in the new trustees' report. The downturn has resulted in a loss of 5.7 million payroll jobs since it began in December 2007 and an unemployment rate that hit a 25-year high of 8.9 percent in April.
Ah yes ... by the time I retire Social Security won't be around any longer. Fun stuff! Let's see if we can spend our way out of this one!
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