I was shocked--maybe I should not have been; it is almost automatic, it is almost arithmetic--but the total of the cumulative interest on the IOUs and the cumulative transfers amount to $40 trillion by the year 2050. That is the IOU that we give to the American people. They will have to pay it in order to keep Social Security solvent, but nobody is being told that.
Discussing the long-term financial implications of Social Security funding.
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To redress the balance between the Government acting in its discretionary capacity and the individual
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