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CONGRESSMAN NADLER -- 2 Questions


CONGRESSMAN NADLER:
Thanks for taking the time to answer my questions.  

There is serious discussion that the Trust Fund is only a claim 
on future government resources -- From 2014-2034 there is 
some $7 TRILLION in benefit promises that cannot be financed 
through current payroll taxes. Furthermore, the annual deficits 
keep growing after that point.   

QUSTION #1:	If this is so, and we were to have a prolonged 
spike in unemployment, from where does the government get the
money to redeem the trust fund to provide benefits?  

QUESTION #2: If raising the taxable wage base only buys Social 
Security a few years from a cash-flow perspective.  What happens 
then? 

Thanks very much.


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