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| Topic: |
Social Issues
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| Number of pages / Number of words: |
10 / 2782 |
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The government has borrowed against this surplus, to pay for other government expenditures in the national budget, each year; and writing itself IOUs. By 2012 the government will have borrowed 3 trillion dollars from the trust funds (www.socialsecurityreform.org). The unexpected surplus is attributed to the entrance of baby boomers into the workforce...
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The population explosion this created is known as "The Baby Boom". When the baby boomers entered the workforce, there were more people working and paying taxes than was needed to cover Social Security benefits. Thus, creating the surplus that we see today. Not all baby boomers had children, and the ones that did had fewer children than previous generations...
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