Word: apfel
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Dates: during 1990-1999
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...that point the amount of benefits needed will surpass the available funds and Americans will receive only seventy-five cents on every dollar that they had previously contributed to the fund, Apfel said...
...Well, those weren't paid for by the trust fund, I assure you," Apfel replied...
...Apfel also spoke about the increase in baby boomers, which he said is perpetuating a myth that the growing number of people dependent on Social Security will level off with that particular generation...
...Apfel stressed the importance of early action on this issue, to avoid younger generations being overburdened by the depletion of Social Security by current retirees and baby boomers...
...Trasande '94, a joint student at the Kennedy School and Harvard Medical School, and resident tutor in Adams House, said he thought Apfel's talk "provided a framework for fruitful discussion" in terms of the School's Spring Exercise Program...