usmcstinger
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- Dec 31, 2011
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3 Social Security Shockers from the CBO?s Latest Report | XFINITY Finance Blog by Comcast
Shocker No. 1: It's failing faster than even last year's dire projection.
No. 2: Social Security spending will nearly double over the next decade.
NO. 3: Disability claims are high -- and rising.
Not only is the trust fund running out faster than anticipated, but spending is on track to skyrocket -- nearly doubling over the next decade to $1.4 trillion from last year's $0.8 trillion.
High unemployment = less SS money collected. Higher SS deductions = less consumer spending = less job creation. Job Creation must be the #1 priority for the President and Congress. Natural Gas could lead us out of our bad economy.
Shocker No. 1: It's failing faster than even last year's dire projection.
No. 2: Social Security spending will nearly double over the next decade.
NO. 3: Disability claims are high -- and rising.
Not only is the trust fund running out faster than anticipated, but spending is on track to skyrocket -- nearly doubling over the next decade to $1.4 trillion from last year's $0.8 trillion.
High unemployment = less SS money collected. Higher SS deductions = less consumer spending = less job creation. Job Creation must be the #1 priority for the President and Congress. Natural Gas could lead us out of our bad economy.
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