March 23, 2005

The New York Times > Washington > Trustees Foresee an Earlier Insolvency for Social Security

Pull your head out of the sand, Senator!

"'The so-called Social Security crisis exists in only one place: the minds of Republicans,' said the Senate minority leader, Harry Reid, Democrat of Nevada, noting that the Congressional Budget Office had estimated that even without changes, the system could pay full benefits until 2052, or 11 years longer than today's estimate by the trustees, and then be able to pay 78 percent of benefits."

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