Posted on 09/05/2015 11:24:08 AM PDT by Olog-hai
The Old-Age, Survivors, and Disability Insurance (OASDI) program commonly known as Social Security, which celebrated its 80th birthday on August 14, is projected to run an $84 billion deficit this year, according to the 2015 Annual Report of the Board of Trustees. […]
During 2014, $646.2 billion in payroll taxes was collected from 166 million working Americans.
But that was not enough to cover the $859 billion in Social Security benefits that were collected by 59 million people, including 42 million retired workers and their dependents, six million survivors of deceased workers, and 11 million disabled workers and their dependents. …
(Excerpt) Read more at cnsnews.com ...
It looks like the beginning of the end has begun.
What I want to know is when is welfare, food stamps, section 8, stupid grants going to run out of money?
Bookmarked for stats.
Not a problem, we will just print the money.
The ‘RATS came up with a bad idea when they decided to send Social Security checks to anyone on the planet who wanted one. Social Security was meant to help those AMERICANS who worked hard IN AMERICA all of their lives after they retired. They weren’t meant to be sent to foreigners who are looking for “a better life.” To hell with the DemocRATS!!!
Que the Glenn Miller music..
The Titanic sank long before SS hit the road..
But not by much.. Apparently.
Sounds like a revolution may be coming.
As soon as Red China stops lending, or so it seems to me.
What I want to know is when will we start collecting FICA taxes from welfare, food stamps, unemployment, etc?
Okay, no problem, just take that total from what Americans are giving to foreign countries and illegals in America. Problem solved with no difference in burden to taxpayers.
But I paid all these years in to SS, even though it was only pennies in the first years!
I deserve my money, all that unearned “interest” and my yearly increases!
Obama said everything would be better, and I voted for him 5 times last election!
Those evil Republicans must have taken all that money from the poor people to give to their rich friends, even though poor people don’t have any money!
Oh my goodness, what will I do now?
Hillary said she will help us all, and fix all the problems and take care of those evil Republicans.
Thank heavens for Hillary!!!
/s
SS bankrupt
Stop paying Social Security to people who never paid a single penny into it and the problem will be solved.
The last time I visited the local Social Security office the waiting room was filled with young, healthy looking people who couldn’t speak English, black “Gangsta” types, single mothers, and plenty of screaming, crying kids of all colors.
There were only a very few of us who looked like we were actually old enough to have paid into the system and aged into retirement.
So long as Congress retains the power to raid the SS fund or do anything with it, the problem will ultimately never be solved. Retirement income is not supposed to be a federal program.
Then stop pouring American tax payer dollars down third world Muslim/Commie sh*t holes who hate us and FIX it.
Our seniors have paid into SS all their working lives and deserve something back to help take care of them in their old age.
The average American hasn’t a CLUE how much of our tax money Obama has sent down Muslim/Commie sh*t holes while he slashes the military, CUTS MEDICARE and threatens to withhold our senior's social security checks!
BILLIONS FOR JIHAD! Obamas 2009 Supplemental Appropriations for Iraq, Afghanistan, Pakistan, and Pandemic Flu was revised and passed by the full committee. It gives billions of U.S. taxpayer dollars to countries and entities that support Sharia law and/or harbor, hide and support those who want to destroy the U.S. and our allies. http://creepingsharia.wordpress.com/2009/05/1...
Read the summary from David Obeys office that was quietly released last week with nary a word from any media.
$3.6 BILLION matching the request, to expand and improve capabilities of the Afghan security forces
$400 MILLION, as requested, to build the counterinsurgency capabilities of the Pakistani security forces
AFGHANISTAN: $1.52 BILLION, $86 MILLION above the request WEST BANK AND GAZA: $665 MILLION in bilateral economic, humanitarian, and security assistance for the West Bank and Gaza
JORDAN: $250 million,$250 million above the request, including $100 million for economic and $150 million for security assistance
EGYPT $310 million above the request, including $50 million for economic assistance,$50 million for border security, and $260 million for security assistance
PAKISTAN,$591 million above the request
IRAQ:$968 MILLION,$336 million above the request
Oversight: $20 million,$13 million above the request, to expand oversight capacity of the State Department, USAID, and the Special Inspector General for Afghanistan to review programs in Afghanistan, Pakistan and Iraq
Lebanon:$74 million
International Food Assistance:$500 MILLION $ 200 million above the request, for PL 480 international food assistance to alleviate suffering during the global economic crisis
REFUGEE ASSISTANCE:$343 MILLION,$50 million above the request, including humanitarian assistance for Gaza.
Funding for the UN Relief and Works Agency programs in the West Bank and Gaza is limited to $119 million (Note: Gaza = Hamas)
Disaster Assistance: $200 MILLION to avert famines and provide life-saving assistance during natural disasters and for internally displaced people around the world, including Somalia, Zimbabwe, Ethiopia, the Middle East and South Asia
Department of Justice: $17 million, matching the request, for counter-terrorism activities and to provide training and assistance for the Iraqi criminal justice system
OBAMA GIVES YOUR TAX DOLLARS TO REBUILD MUSLIM MOSQUES AROUND THE WORLD! http://canadafreepress.com/index.php/article/... # Obama Invites 80,000 Muslim Immigrants Into the United States – Promises 100,000/Per Year for Next 5 Years
Urn money not earn money no telling the fraudulent amount collected by dead and the breathers get away with it? No death certificate, gotts to pay the funeral home and ohhhh it’s so good to have some walking around money too.
Appears you agree with one of those commenting at the link which was to transfer everyone on disability to welfare because that fund never seems to run out of money.
Not that hard to get a doctor to say you are disabled, suffer from depression or have ADHD. Wonder how many people would claim disability if instead of a monthly check they received $100 a month for maybe six months. If they are truly depressed or suffer from ADHD, they would have funds available which could only be used to see a psychotherapist providing they maintained gainful employment during that time.
Seems like every day we read about monetary awards being made for some really stupid study or grant. If budgets for government agencies only allowed them to spend money for salaries and office supplies, that garbage would come to a halt.
At one time, Social Security was completely separate from the rest of the federal government budget and spending.
I don’t know when, but sometime years ago, if was decided to commingle SS funds with all other federal spending .
Bottom.line is that SS, if run like any other pension or retirement plan, would be broke.
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