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A bunch of baby boomers who are going to live longer and have been promised greater benefits are fixing to retire. And so the system goes into the red. And it goes into the red — that means negative, that means losing money — quite dramatically. In the year 2027, it will be $200 billion in the red — $200 billion for one year alone. And in 3032, it's like $300 billion. And in 20 — I mean, 2032. And in 2042, it's bust.
And again... Fargo, North Dakota, Feb. 3, 2005
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