Friday, January 06, 2012

NO SHIT, SHERLOCK: Payroll tax cut raises worries about Social Security’s future funding. The 'lockbox' is empty; Social Security is in hock to the tune of ... well, big bucks, it's taking in less in taxes than it pays out, the taxpaying population is decreasing relative to the number of retirees, Uncle Sam Obama just cut the tax rate (again), and everything will remain peachy wonderful?

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