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Updated almost 16 years ago on . Most recent reply

User Stats

294
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152
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Bob Hines
  • Real Estate Investor
  • StL, MO
152
Votes |
294
Posts

Social Security

Bob Hines
  • Real Estate Investor
  • StL, MO
Posted

http://www.washingtonpost.com/wp-dyn/content/article/2009/03/30/AR2009033003291.html

Due to all of the people loosing their jobs no longer paying in and the number of baby boomers hitting retirement age and taking out, the Congressional Budget Office announced that from their projections, Social Security is going to pay out more than they take in during 2010! This is important because the 'trust fund' is a fraud and there is no money there, the government already spent it long ago.

I've been trying to wrap my brain around this and I don't even know where to start. This could be huge.

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