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Quotation of the Day for November 14, 2009
"There was a net withdrawal from U.S. Social Security the first time this year, the first year the baby boomers could collect. And so it's going to get worse. And I don't even think the promises to the elderly are going to be met. We know that the United States has an accrued liability of US $55 trillion. There is no way to maintain that."
- Eric Sprott, asset manager, at an April 2009 forum. Cited in Canadian Business magazine, May 18, 2009.
Submitted by: Lynn Kisilenko
May 21, 2009
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