The Graying Of America
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Title: The Graying Of America

Essay Details:

Subject: Miscellaneous
Author: Clarence C
Date: March 27, 2013
Level: University
Grade: A
Length: 4 / 1022

Essay text:

Increasing costs of living and higher standards of living (as reflected in higher wages) also are consequences. In short, if no action is taken in the interim, by approximately 2013 the federal government will have to raise taxes, increase the debt, print more money, reduce Social Security benefits immediately, or do some combination of those things to rectify the Social Security cash-flow imbalance. The surplus will be gone. The amounts needed by the Social Security system, even in the early years, are not insignificant. In 2015 experts believe that the government will have to find approximately $57 billion to meet its obligations...

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