[blam]

Buy more ammo?

[DManA]

The drawdown of Social Security and HI Trust Fund reserves

sigh......

[jospehm20]

Go get it while you can.

[Paladin2]

I got a call from an alleged market research firm doing work for the Treasury on when folks of a certain age planned to start tapping into SS. I told them I don’t support Little Timmy in ANYTHING he wants - end of discussion.

[Recovering_Democrat]

George W. Bush said this in January of 2005, and he was mocked by Hussein and his party!

Also: to fix this problem, we should declare a moratorium on all entitlement programs!

[April Lexington]

Geeee Timmy... I guess you could always have your treasury issue bonds and have the Federal Reserve buy them. Then you can use the “money” to fund the deficit. Under this system, the shortfall should just disappear... (note to readers... I'm being sarcastic here...)

[riri]

Laugh at Alex Jones and company all you want, they have laid out this blueprint.

[Brilliant]

The long term ss deficit may be coming in 2016, but the short term ss deficit is already here and there is no prospect that it will go away between now and 2016.

[Stevenc131]

Let’s see if I’ve got it right.

There is no money in the trust fund, only a bunch of IOUs from the U.S. Gov’t, which has been borrowing from the trust fund for decades. Now, the Gov’t is running a deficit, so it’s selling Treasury bonds to make up for the money it’s spending that it doesn’t have. In order to keep interest rates low on the Treasury bonds, the Federal Reserve has been buying the T-Bonds. The Fed Reserve is actually broke itself, and has gotten huge infusions of cash from the Fed Gov’t, which means the Fed Gov’t is actually financing the deficit by buying the T-bonds with it’s own money which it doesn’t have.

Well, I feel better. I’m sure the trust fund will be perfectly safe.

[SloopJohnB]

A reminder to seniors now on social security and others nearing retirement!

This came out before Commiecare was shoved down our throats!

[WKUHilltopper]

“Timmy made clear early this week, new taxes are coming”

Oh...like those pesky taxes you can’t figure out how to pay?

[kittymyrib]

So the Republican congressmen who voted against this socialist boondoggle were right in saying that Social Security would go broke. Someone should publish their names and recognize them for their foresight and good judgment.

We certainly do not owe Democrats a Social Security bailout for their ponzi scheme, designed to buy the votes of the elderly with money taken from their children and grandchildren.

[kabar]

Here is the 2010 Trustees Report. It is filled with propaganda about the anticipated benefits of Obamacare. I hope that the Reps tear it apart. It is nothing more than polishing a turd.

[keepitreal]

No, no, no. Can’t be. The new health care reform is supposed to save all of this and make the government sound!

[orinoco]

The wizard Geithner thinks he’s telling us something new. Bush tried to tackle these entitlements in 2006 but Pelosi and her Marxist Democrat party blocked the reform. So they created this mess or at leas made the mess even worse. The first solution is to reduce spending, downsize government by at least 50 percent.