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Social Security Trust Fund Takes a Huge Hit

March 25, 2009

The recession has accelerated the demise of the Trust Fund from going negative in 2017 to going negative by 2011.

Why does this matter? Every year the Federal Government mooches off the trust fund surplus to reduce the budget shortfall.

Mad about AIG? wait till you find out the Trust Fund is nonexistent. Over 2 trillion dollars in Treasury Bonds backed up by guess who? you and me.

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