Social Security: Government 'Ponzi' Scheme Turns 75 with $41 Billion Shortfall:
This is a historic year for the largest government program: Social Security, which turns 75 in just a few days. The program is also running a deficit for the first time since 1983, and ahead of estimates.
Initially, Social Security was created to provide supplemental income to elderly and disabled people who could not work, and was signed into law by President Franklin D. Roosevelt Aug. 14, 1935."
Thursday, August 12, 2010
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