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Re: TSXminer post# 326755

Tuesday, 04/05/2011 2:38:29 AM

Tuesday, April 05, 2011 2:38:29 AM

Post# of 358494
Congressional Budget Office estimates: (The CBO is usually more accurate than other sources)

Program spending is projected to rise from 4.8% of GDP in 2010 to 5.9% of GDP by 2030, where it will stabilize.[35] The Social Security Administration projects that an increase in payroll taxes equivalent to 1.9% of the payroll tax base or 0.7% of GDP would be necessary to put the Social Security program in fiscal balance for the next 75 years.
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