Posted on 07/16/2010 7:51:46 AM PDT by jmaroneps37
Go here:
http://www.ssa.gov/OACT/TR/2010/index.html
Click on feedback - then ask Where is the 2010 trustees report?
The GOP should go ape over this asking why the delay?
They should release it. Reid says SS insolvency is a myth so what are they worried about. /s
We are in so much trouble.
As not politician wants to take responsibility for reforming the system, I wonder if there’s only one way out: Force hyperinflation. The number amount promised would be paid out, but the value of that amount would be pennies on the dollar.
This would push down the real value of monies paid out to union pensions, SS, military retirement, federal paychecks, etc. It would also reduce the actual value of our national debt significantly.
As the Obama admin. keeps hitting the printing presses, I’ve wondered for the last year if this is the big plan.
I pray I’m wrong. That would be the dirtiest trick and every American would suffer. But it would work. Turn America into Zimbabwe and no more problems!
(grrr!)
What frightens me is that we’re only seeing the tip of the iceberg. The first Boomer turns 65 next year. The enormity of the problem won’t be truly felt for another 5-10 years.
The frustrating thing is that the one obvious solution (raise the age until retirement) won’t work right now. With the unemployment problem, many Boomers can’t choose to continue to work.
My son is 16. He’s always wanted to work in the oil industry. A few months ago he started looking into foreign offshore drilling opportunities. He’s planning on leaving the country to find work after he graduates.
If the young start to flee for greener pastures, we’ll have even less money to fix our financial mess. I have a feeling that this nation will be unrecognizable in ten years without a miracle.
................I am so pissed off at half of America for voting this administration in and believing their lies! And most still do not get it...
Glad you took the “news” so well (wink!). Could be worse, she could be family. And if you think she’s worth trying to save that’s all that really counts.
They can spin the people added but theres no way to spin the cash numbers. Its a can of worms (like Fannie & Freddie which will be dealt with next year;they said that las tyear about this past January)that they don’t wish to have to speak to voters about.
Yesterday, a lawyer friend of my husband was surprised that my husband had not applied for his SS. (66+ yr-old health professional not to retire for several yrs). Lawyer said take it out now; will not be there later.
I’m torn.
There is my feeling that it is not right to take something I don’t really need right now when others might need it more.
Then there is the knowledge that both of us have contributed to the system all our working years, & we should withdraw OUR money any time we want.
‘The GOP would be cosmically stupid to let them get away with that.’
LOL...think about that stmt...isnt that the hallmark of the GOP? At present they’re otherwise occupied looking for a spine. When they figure out what it is and locate one they’ll be back a day late and penny short. In the mean time they’re letting the dems (commies) have their way w/ us.
The problem with SS and federal pensions is that they have COLAs. Unless you change the formulas, the pensions will go up with hyperinflation. We need to privatize SS.
Doesn’t matter - she represents a “normal” voter. We don’t get much from “normal” voters. Face it - FReepers ain’t normal.
Take it. Now. Stuff it a bank account and get interest. Invest it. Buy land, guns, ammo, and seeds. Its yours.
This date falls on a three-day weekend; Monday, Sept. 6, is Labor Day.
Obama's press office prefers to release bad news over three-day weekends, preferably on a Saturday night.
N.B> The “bad news” will be spun as good news and used as propaganda to push for the recommendations of the Debt Commission, which will come out in December. Look for more tax increases including a VAT to address the “crisis.”
Hussein & Co. could not care LESS about social security recipients. The majority, after all, are republican voters!! Who do you think will take the BRUNT of HusseinCare’s cut backs?? Death panels will ensure the “timely” demise of those old, useless folks—you know, conservative Americans.
Market’s down 240 - I suspect someone knows...
Are Overdue Reports Concealing ObamaCare Impact On Medicare?
Look into taking it early (NOW). Apparently, you can draw it early (@ 62years), bank it, then when you reach full retirement age, pay the amount drawn back, and then apply for FULL retirement age benefits, instead of the reduced ones you get for drawing early.
Do some research.
6 (sneaky) ways to get more Social Security (The Basics)
http://www.freerepublic.com/focus/f-news/2528650/posts
http://articles.moneycentral.msn.com/RetirementandWills/CreateaPlan/6-ways-to-get-more-social-security.aspx
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