9.1.09

BAILOUTS YET TO COME. Marquette Warrior posted this Gary Varvel cartoon.

Although defenders of Social Security note that the so-called trust fund can be kept going much longer through methods such as phased increases in the retirement age, additional means-testing (the taxation of Social Security benefits as income is means-testing per se), and increases in the rate of payroll taxation and of the base, under each of these reforms current workers provide funds that previous workers receive.

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