President tells unvarnished truth about social security."You see, a lot of people in America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. think there's a trust, in this sense: that we take your money through payroll taxes Payroll Tax Tax an employer withholds and/or pays on behalf of their employees based on the wage or salary of the employee. In most countries, including the U.S., both state and federal authorities collect some form of payroll tax. and then we hold it for you, and then when you retire, we give it back to you. But that's not the way it works. There is no 'trust fund,' just IOUs that I saw firsthand first·hand adj. Received from the original source: firsthand information. first , that future generations will pay for either in higher taxes or reduced benefits or cuts to other critical government programs." During his April 5 visit to the Treasury Department's Bureau of the Public Debt in Parkersburg, West Virginia
Parkersburg is a city located in Wood County, West Virginia, United States at the confluence of the Ohio and Little Kanawha Rivers. , President George W. Bush bared the customarily hidden truth about the Social Security program. |
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