Social Security Is Not Going Broke
Which federal program took in more than it spent last year, added
$95 billion to its surplus and lifted 20 million Americans of all ages
out of poverty?
Why, Social Security, of course, which ended 2011 with a $2.7 trillion surplus.
That surplus is almost twice the $1.4 trillion collected in personal
and corporate income taxes last year. And it is projected to go on
growing until 2021, the year the youngest Baby Boomers turn 67 and
qualify for full old-age benefits.
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