Skip to comments.Obama proposes expanding Social Security benefits while the program careens toward insolvency
Posted on 06/02/2016 7:03:14 PM PDT by MtnClimber
For more than 20 years, the Government Accountability Office has been warning that the varioius Social Security funds would go broke in a matter of decades unless something is done to shore up the program.
Unfortunately, there are limited options when trying to address this crisis. You can employ a combination of raising the retirement age and/or increase the FICA tax. Other than that, you're rearranging chairs on the deck of the Titanic.
But President Obama who is fully aware of the threat of insolvency is now proposing that Social Security benefits be increased and wants the "rich" to pay for it.
The smartest guy in the room, right?
(Excerpt) Read more at americanthinker.com ...
Gotta hurry and get those ‘new immigrants’ on the payroll; it’s only fair, you know...
When are people going to stop listening to him as he approaches the end of his Dicktatorship?
0bama is a believer in both of these similar ideologies and seems to be pushing it forwatd.
Too much bong resin clouds thinking...I think.
Obama proposes expanding Social Security benefits to the World
Republicans will be blamed either way; either they aren’t increasing granny’s monthly stipend because they don’t care about her or they’re responsible for bankrupting SS.
Right....no COLA increases for 4 years...and the last increase, I netted $1 a month as they increased Medicare Part B. Yeh...he cares about older folks...
I is the $10 trillion man
These 'new immigrants' are necessary to replace the workers who should have been coming of age, entering the work force, making products, paying taxes, and supporting their forbears in Old Age and Survivors Insurance--except we allowed their mothers to have them slaughtered in the belly.
But the socialist regulators and other administrators with monstrous salaries from federal pork will object.
Cloward-Piven Strategy is just now hitting its full stride. As our descent steepens toward the abyss, ever more momentum will be applied until we utterly collapse.
This Ponzi scheme will fall apart soon unless the federal government finds a new way to rob the people.
Waste or give away as much of the treasury as possible.
Neuter the armed forces.
Subvert the constitution.
Stand social norms on their head.
Foment as much racial anger as possible. I could go on...
He hates the country. What sort of traitors would sign on with him in his administration and in the military to allow all of this to occur ? How could Congress allow this to proceed?
Of course, his proposal is designed to solicit comments which would allow charges to be made that R’s want to cut SS. ....except Donald hasn’t fallen for it.
Why not discontinue the federal income tax levied on SS? That would make more sense.
Barack Obama, financial wizard
Make Social Security tax free. Weed the illegals and the dead off of the rolls.
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