What The Trustees Will Say About Social Security

IBD's Capital Hill ^ | 4/7/2010 | Jed Graham

[Slyscribe]

It’s not surprising that the Obama administration has delayed the annual report from the Social Security and Medicare trustees to reflect the impact of health care legislation.

ObamaCare will show an immediate improvement in the finances of both programs — at least on paper. How real that improvement turns out to be is another question.

In the case of Medicare, any improvement will be vastly overstated. That’s because the law prescribes cost cuts and tax increases that will flow to Medicare’s bottom line, even though the measures were approved as a way to pay for an insurance expansion that is roughly budget-neutral over the first decade. In other words, the Obama administration is double counting the savings.

The impact on Social Security’s finances

[Loud Mime]

Big Bump - - this is where the Democrats are vulnerable. They have screwed every citizen with their mismanagement.

[RC2]

It is not “mismanagement”......it’s outright theft of tax money and they are doing it right in front of our faces and nobody is standing up to them.

[Le Chien Rouge]

Social security is in the red and the last Dime will be spend on walker for Rev Wright.

[Dixie Yooper]

It's time for someone with guts to introduce a bill to abolish Social Security, Health Care, Medicare and Medicaid along with any other entitlement programs that are leaching off of our bankrupt Treasury. No more payouts and no more taxes collected on behalf of entitlements. Maybe they can call this bill "The Old Deal"

[WOBBLY BOB]

Bernard Madoff appointed Commissioner of Social Security Administration

http://unconfirmedsources.com/?itemid=3915

[Texas Fossil]

I am 62 an have paid into the Fraud called Social Security my entire working life.

I would gladly not collect a dime if we could be rid of these crooks (Obozo and predecessors), and that might just be the answer to this eventually. Boomer’s like myself are shafted.