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31%  
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  • The Safety Net Shreds

    03/29/2010 4:15:30 PM PDT · by Kaslin · 32 replies · 1,250+ views
    Investors.com ^ | March 29, 2010 | INVESTORS BUSINESS DAILY Staff
    Entitlements: Social Security's chief actuary reports that the social safety net will run a deficit for 2010, nine years earlier than predicted. Put down that big gavel, Madam Speaker, we're about to hit the iceberg. No sooner had House Speaker Nancy Pelosi, carrying the gavel used when Medicare was enacted, taken a victory lap around the Capitol Building after passage of the health care bill than did the chief actuary of the Social Security Administration report that his part of the social safety net had a big hole in it and would run a deficit for all of 2010. Stephen...