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The sooner Congress addresses the inevitable decline in Social Security revenue when baby boomers begin retiring in five years, the easier it will be for future generations to keep the system afloat, congressional investigators say.The General Accounting Office, the investigative arm of Congress, examined the current system and how it fares for future retirees in a report prepared for Sen. Larry Craig, R-Idaho, chairman of the Senate Special Committee on Aging. The squeeze on the federal budget will begin as the baby boom generation starts to retire, Comptroller General David Walker, who heads the GAO, said in testimony prepared for a
vaso stanley committee hearing Tuesday. Actions taken today can ease both these pressures and the pain of future actions. If no changes are made, recipients would see benefit cuts of nearly a third by 2039, the report said.Social Security faces a $3.8 trillion deficit during the next 75 years. Younger Americans must confront a combination of tax increases, cuts in government programs and services and reduced retirement benefits needed to restore long-term financial heal
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Imagine, if you will, a feature-length animation about the life and death of post-Impressionist painter Vincent Van Gogh. Now imagine that the animation is made entirely from paintings created in Van Gogh iconic style, and you ;re beginning to understand why we ;re so excited ab
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