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 ...
Speeding up the process. A lot of stuff is going to come unraveled before January.
Careful.....comments like this are going to bring out the "I Paid In!!" "The Government Promised Me!!!" "Where's My Lockbox???" crowd out in full force.
And they can do some serious damage with those canes and walkers.
And I’m getting to the point where I can’t outrun them ;-)
Over 60 percent of Americans derive most of their monthly income from Social Security. That is enormous. This is something that is not going to go away but will place additional burdens on those working.
Social Security has 2,728 rules in its Handbook covering retirement benefits, spousal benefits, child benefits, disabled child benefits, widow(er) benefits, child-in-care spousal benefits, mother (father) benefits, divorced spousal benefits, divorced widow(er) benefits, divorced mother (father) benefits, disability benefits, and parent benefits.
The systems Programming Operating Manual System has hundreds of thousands of rules about those 2,728 rules. The number of potential benefits, legitimate months for initiating collection of the various benefits, ways in which one spouses benefit collection decisions can affect the others, and all the rules within rules limiting what you can receive and when you can receive it makes Social Security far more complicated than even the federal income tax.
Read how to use the system here:
http://ggc-mauldin-images.s3.amazonaws.com/uploads/pdf/OTB_Jun_1_2016.pdf
Thanks AdmSmith.
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