National News Article - Greater Louisiana News | My Connection from Cox: "HENDERSON, Nev. (Associated Press) --
President Barack Obama says Social Security is slowly running out of money but that it can exist well into the future with a slight fix.
The system is funded with a tax on earnings, up to $109,000 a year. Obama says lifting that cap to tax a larger share of income would be one way to extend the system of monthly payments for retirees. It also would be unpopular with some.
Without an adjustment, Obama said Social Security will start to run out of money in about 20 years as more people begin collecting benefits."
No comments:
Post a Comment
Spamming will be removed.
Due to spamming. Comments need to be moderated. Your post will appear after moderated regardless of your views as long as they are not abusive in nature. Consistent abusive posters will not be viewed but deleted.
Note: Only a member of this blog may post a comment.