Next in line for a bailout: pensions

… once again… this post is to be read in conjunction with all previous posts titled “curtailing public spending; a precursor to war” on this blog.

Of course, if someone like me says this, I could be mistaken for a crank. But this is Forbes. So; there!

http://finance.yahoo.com/focus-retirement/article/108747/next-in-line-for-a-bailout-social-security?mod=fidelity-readytoretire

A report from the Congressional Budget Office shows that for the first time in 25 years, Social Security is taking in less in taxes than it is spending on benefits. […] But this year’s Social Security cash shortfall is a watershed event. Until this year, Social Security was a problem for the future. Now it’s a problem for the present.

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