Reply to "I cannot believe Obama"

direstraitsOld Faithful

As a reminder, the Reagan tax cuts resulted $2.94 trillion (inflation normalized) more revenue than the previous 8 years. Its the spending that increased more.

Per the social security trustees report for 2016, the fund will collect excess revenue thru 2020. Then, those treasury bonds must be cashed in to cover the shortfall. As of 2034, social security benefits must be reduced 22 percent when the treasuries run out.

12/10/165:56 AM

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