Friday, July 16, 2010

Worth repeating.

A reminder from Allen W. Smith, Emeritus Professor of Economics at Eastern Illinois University...

Social Security has not contributed a dime to the budget deficits or the soaring national debt. Social Security is funded exclusively by payroll taxes (also known as FICA taxes), paid into the fund by working Americans.

Rinse, repeat, etc.

Hat tip to Stephen Suh.

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