homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

March 15, 2010

Social Security IOUs start coming due

  • This year the government will borrow more money, much of it abroad, to start paying back $2.5 trillion it borrowed from Social Security. The timing couldn't be worse.
    • By STEPHEN OHLEMACHER
    Associated Press Writer

    PARKERSBURG, W.Va. — The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.

    It's time to start cashing them in.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.