Buy custom The Social Security Dilemma

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This means the government bonds in the trust fund will need to be converted back into currency, which means the national government will need to begin paying back, with interest, the surplus Social Security funds it has borrowed over the years.

By 2041, the Social Security Trust Fund, or the accumulated debt that constitutes the fund, will be gone...

According to the Social Security and Medicare trustees' annual report for 2008, once this occurs Social Security will be able to pay only 78 percent of benefits promised under the current system.

There are basically two solutions to the dilemma: One is to raise Social Security taxes, the other is to cut benefits...

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