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Boomer Nation / Social Security #875467

CBS Evening News for Monday, Oct 15, 2007
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(Studio: Katie Couric) Report introduced.

(Capitol Hill: Chip Reid) The strain on the Social Security system brought about by the first filings by baby boomers examined; statistics on the shortfall for the Social Security system and the prospects for debt for future generations cited. [First baby boomer retiree Kathleen CASEY-KIRSCHLING†- says she is now getting paid back.] [Cato Inst. Michael TANNER†- says by 2040 there will be no more money in the fund.] [Senator Kent CONRAD†- says a tsunami is coming.] The options of raising Social Security taxes versus lowering benefits cited.

Reporter(s):
Couric, Katie;
Reid, Chip
Duration:
00:02:20

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