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A new idea to secure Americans in retirement; put social security taxes to work

Giovanetti recognizes that saving for retirement is very hard for most people and addresses the problem of social security being a terrible deal for most Americans---the negative return for many taxpayers makes payroll taxes just another wealth transfer that leaves billions of dollars in the hands of the government instead of working productively in the market. ...

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Entitlement spending is driving federal government debt up to 100% of GDP

The Congressional Budget Office's new Budget and Economic Outlook forecasts federal debt reaching nearly 100% of GDP by 2028. As Brian Riedl explains in an excellent commentary for the Manhattan Institute, this flood of red ink is being driven by out of control federal entitlement spending. ...

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