In Plunder and Deceit, Page 41, Mark Levin lays out some drastic, painful adjustments that may become necessary because Social Security is already broke, paying out more than it takes in annually. These possibility are frightening and yet likely unavoidable. Here is Mark: "The future suggests several unpleasant scenarious. Benefits will be slashed, benefits or other income will be heavily taxed, the retirement age will be pushed back further, and/or the federal will eliminate other spending or go further into debt. Inasmuch as those retiring today will receive less than they 'contributed' over the years into the system, it is difficult to see how younger people will be left anything but horrendous debt and broken promises.
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