WorthyNewsBot Posted July 31, 2014 Group: Bots Followers: 3 Topic Count: 39,879 Topics Per Day: 6.44 Content Count: 44,485 Content Per Day: 7.19 Reputation: 987 Days Won: 2 Joined: 06/06/2007 Status: Offline Share Posted July 31, 2014 WASHINGTON D.C. (Worthy News)– "Social Security is insolvent," Boston University economics professor Laurence Kotlikoff told the House Subcommittee on Social Security at a hearing on Capitol Hill Tuesday. "And it's not bankrupt in 30 years, or 20 years, or 10 years. It's bankrupt today," CNS News reported. "This is not my opinion. This is the only conclusion one can draw from Table IVB6 of the 2013 Social Security Trustee’s Report." "This table reports that Social Security has a $23 trillion fiscal gap measured over the infinite horizon," noted Kotlikoff, who also served as a senior economist on President Ronald Reagan's Council of Economic Advisers. — Source Related News on the Internet Only two years until Social Security's disability fund runs out – Washington Examiner View the full article Link to comment Share on other sites More sharing options...
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