Saturday, March 28, 2009

Social Security Cash Negative Sooner Than I Thought

This is a concerning, fiscal scenario that could hasten the exodus from this country:
"The federal budget deficit is set to quadruple in 2009 to $1.75 trillion and President Barack Obama’s budget will add another $4.9 trillion in public debt from the beginning of 2010 through 2016. But our fiscal future is in even worse shape than that. As PBS’s Nightly Business Report noted last night, the recession is rapidly making our entitlement crisis worse:"

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