The deficits - $10 billion in 2010 and $9 billion in 2011 - won't affect payments to retirees because Social Security has accumulated surpluses from previous years totaling $2.5 trillion. But they will add to the overall federal deficit.The "surplus" came from the Federal government borrowing money from Social Security. It is the same as if you took money out of your personal retirement account and put an IOU in its place. The deficits won't affect payments to retirees because no politician will vote to cut Social Security. The cuts will have to come from other parts of the budget...if there was a sane budget. Instead, the government will borrow more.
CapitaLand Ascott Trust Q1 Gross Profit Up 15% on More Demand, Bigger
Portfolio
-
CapitaLand Ascott Trust achieved a 15 percent increase in gross profit
during the first quarter of this year, compared with the same period in
2023, with...
No comments:
Post a Comment