Monday, March 15, 2010

Social Security to start cashing Uncle Sam's IOUs - Yahoo! News

The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.

Social Security will also collect about $120 billion in interest on the trust funds, according to the CBO projections, meaning its overall balance sheet will continue to grow.

Social Security to start cashing Uncle Sam's IOUs - Yahoo! News

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