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Hillarysworld -> Obama Administration NOT Secretary of State -> "Obama says slight fix will extend Social Security" (AP, Charleston Daily Mail 2/20/10)
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TOPIC: "Obama says slight fix will extend Social Security" (AP, Charleston Daily Mail 2/20/10)
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"Obama says slight fix will extend Social Security" (AP, Charleston Daily Mail 2/20/10)
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dm-header-icon.jpgCharleston Daily Mail

AP Featured News

Saturday February 20, 2010
"
Obama says slight fix will extend Social Security


HENDERSON, Nev. (AP) - President Barack Obama says Social Security is slowly running out of money but that it can exist well into the future with a slight fix.

The system is funded with a tax on earnings, up to $109,000 a year. Obama says lifting that cap to tax a larger share of income would be one way to extend the system of monthly payments for retirees. It also would be unpopular with some.

Without an adjustment, Obama said Social Security will start to run out of money in about 20 years as more people begin collecting benefits.

More . . .
"


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