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Many people are worried that, with the growing number of people who will be retiring in the U.S. over the next 40 years, the Social

Many people are worried that, with the growing number of people who will be retiring in the U.S. over the next 40 years, the Social Security System will need to borrow large amounts of money. If we assume that Social Security taxes and the current eligibility age remain constant, explain the likely impact this will have on bond markets.

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