Word: surplusã
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Dates: during 2002-2002
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...Social Security trust fund has the curious feature of lacking actual funds. Social Security benefits are paid from current payroll taxes. When the program runs a surplus??€”as it has for the past 20 years—those extra dollars get spent with other tax revenue and the government issues IOUs to the Social Security program. Far from containing actual money, the trust fund—so beloved of Democrats with presidential aspirations—consists of nothing but these IOUs...
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