On the recordMay 20, 2014
The program is insolvent. The present value of the promised benefits is much greater than the present value of the revenue that is meant to pay those benefits.
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congress.govPat Toomey: “The program is insolvent. The present value of the promised benefits is much greater than the present value of the…”
Editor's note · Context
Toomey emphasizes the insolvency of Social Security and the need for structural reform.
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