Posted on 07/16/2010 7:51:46 AM PDT by jmaroneps37
The liars in Washington are scrambling to figure out how to spin perhaps the worst news yet for millions of Americans: These socialist thugs have actually finally killed Social Security and Medicare.
Each year sometime in March or April the Social Security and Medicare Trustees are supposed to release a report on the fiscal health of Social Security and Medicare.
The reports are now five months late and not “currently scheduled” to be released until August when they will be six months late, if they are leased even then.
Based on the criminal MO of the gangsters running our government, this delay can only mean there is plenty of bad news being hidden from us.
Why would we conclude otherwise? The Managing Trustee of the Social Security/Medicare systems is Secretary of the Treasury, Timothy F. Geithner, an admitted tax cheat and an employer of non social security paying household staff.
The other members of this cabal are Secretary of Labor Hilda L. Solis whose husband is a tax cheat, Kathleen Sebelius, Secretary of Health and Human Services, who is a tax cheat, and Michael J. Astrue, Commissioner of Social Security a George Bush appointee.
The reports which come from the Office of the Actuary of the Social Security Administration, are supposed to be used to plan the funding needs of Social Security and Medicare for the next seventy five years.
You kind of get the feeling these crooks know Obamanomics have ruined these already shaky programs and there is no way they will last seventy five weeks, let alone seventy five years.
CBO report says it all
In its Long Term Budget Outlook, released earlier this month, the Congressional Budget Office reported that Social Security funds allocated to cover this calendar’s year’s payments are now exhausted. Although this startling….
(Excerpt) Read more at collinsreport.net ...
The closer to election they release bad news the worse it will be for them.
He just lost the elderly vote and most likely the vote of their children.
Knowledge is power. Read more about this issue in these Collins Report sources:
http://andrewgbiggs.blogspot.com/2010/06/social-security-medicare-trustees.html
http://www.investors.com/NewsAndAnalysis/Article/539751/201007081859/Work-A-Little-Longer.aspx
http://voices.washingtonpost.com/44/2009/02/05/solis_senate_session_canceled.html
http://www.politico.com/news/stories/0309/20728.html
Use this site to contact your Congressional Representative. https://writerep.house.gov/writerep/welcome.shtml
Yesterday’s Rasmussen Presidential Index had Obama at –17
Who wants to bet the numbers are not released until after the mid terms?
Which is why they won't release them before then. Just like they didn't draft a budget. Just like they keep revising their economic numbers down a month after they release them and trumpet them as proof we are in recovery. The downward revisions are never mentioned by the liberal media.
What isn’t the Fuhrer hiding? Lies, lies, treason with the aid of his cohorts in Congress?
Then Obama will wait to release the information on the Saturday night after the FIRST nuclear explosion in New York City.
That brings up a question, once the GROUND ZERO mosque is built, will the PEACEFUL Muslims bomb New York?
You’re totally right.
I have a friend that I call when I need an “on the street” opinion of the state of affairs. She’s a real People Magazine reader type of gal and a teacher. Total Obama voter.
She thinks that we are definitely in a recovery and “suspects” that it would have been worse if not for the Stimulus.
Dems won’t release the report until after the election unless they are forced to do so... and even then the numbers could be fake.
The GOP would be cosmically stupid to let them get away with that. As RC2 pointed out, bad news here should guarantee the Senior vote defecting massively.
I believe “cosmically stupid” is a GOP party plank.
Sorry to say this, and you’re probably already aware, but your friend is an imbecile and it’s people like her who have put you, me, our families, and our country at dire risk.
“the Congressional Budget Office reported that Social Security funds allocated to cover this calendar’s year’s payments are now exhausted.”
Quote? Link?
They will either hold it up until after the election or not release it altogether.
See my post #12 and check out the 2009 report. According to it, 45% of all Medicare expenditures will come from the General Fund by 2014. We are already cashing in the IOUs in the HI Trust Fund, i.e., Medicare Part A (since 2008). By law 75% of Medicare Parts B and D must come from the General fund.
Obamacare will add 16 million to the Medicaid rolls and it closes the donut hole in the Prescription Drug program (Medicare Part D), which can only 8 to the $8 trillion unfunded liability for this program. You can bet that the Obama administration is in hyperdrive trying to spin the numbers and provide data for their next policy proposals. I am disturbed by the possibile lack of public members on the Board.
Yes; sometimes our friends are imbeciles, but we still love them as God’s special children.
***These socialist thugs have actually finally killed Social Security and Medicare. ****
There is nothing wrong with Social Security! This promise, from a 1964 SS pamphlet, shows you CAN trust the SS!
You DO trust the government, don’t you!
http://www.ssa.gov/history/ssa/usa1964-2.html
Self-Supporting
“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government. Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”
bookmark ping.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.