Just remember, they’ve been shorting the “kitty” by 2% for the last two years. Wonder what that adds up to????
They are shorting the fund, But I believe all along the plan was to steal our savings plan 401k and IRA’s and blow through that pile of cash.
This is happening right before our eyes and no one is doing any thing to stop it. They don’t need to take our guns, were just handing over the cash with out a wimper
..............Just remember, they’ve been shorting the “kitty” by 2% for the last two years. Wonder what that adds up to????..............
Lets put those calculations into the whizzinator! Wzzzzz.
The normal take for the SS Admin is a total of 12.4% of payroll (1/2 emp, 1/2 empr.) So a reduction of 2%, to a total of 10.4% means that for the last two years SS Admin has only received 10.4%/12.4%. or 83.9% of the normal take.
In 2009, the SS Admin took in $807.5 Billion in “contributions”. So 83.9% of that amount totals $677 Billion, for an annual shortfall of about $130 Billion.
Yeah employment levels and wages will change that date, but that’s an approximation.