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Let’s Hear the One About the “Impending Crisis” Again

“On the day the trust fund is exhausted, Social Security revenue will cover about eighty percent of the cost of benefits. Right now — today — if you look at the U.S. government outside of Social Security, revenue covers only about sixty-eight percent of total government spending. So on the day the trust fund is exhausted, forty-seven years from now, Social Security will be in better financial shape than the rest of the U.S. government is today. – Economist Paul Krugman, in this month’s issue of Rolling Stone

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Jane Hamsher

Jane Hamsher

Jane is the founder of Firedoglake.com. Her work has also appeared on the Huffington Post, Alternet and The American Prospect. She’s the author of the best selling book Killer Instinct and has produced such films Natural Born Killers and Permanent Midnight. She lives in Washington DC.
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