Thursday, July 05, 2012

SSTF Broke in 10 Years

Thanks to near zero interest rates and reduced worker taxes, the Social Security trust fund will go broke in 10 years. Benefits will have to be reduced by 25% at that time. Well, that's if anything survives Medicare, Medicaid and ACA.

80% of the global economies have contracted. Without growth the bad stuff will only happen sooner. Maybe even next year!

Hey, you think I like writing this crap? I hate it.

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