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To: mrsmith
"The law requires 25% cuts when the fund runs out"...

what fund? there's no fund. SS is paid from revenue.

22 posted on 07/13/2015 11:48:43 AM PDT by Mr_Peter
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To: Mr_Peter

They will raise FICA taxes to very high levels of income. Perhaps the last dollar. They will impose a Tobin Tax on Wall Street transactions and use it to pay benefits.

It will be very popular. It will pass with many GOP votes. It will kick the can down the road a few more decades.


26 posted on 07/13/2015 11:54:33 AM PDT by Buckeye McFrog
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To: Mr_Peter

You’re thinking of the real world.
Technically there is a fund and it’s solvent.
I think the SS disability fund runs out this year.


27 posted on 07/13/2015 11:57:13 AM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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