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Month’s late Social Security/Medicare Trustees report means Obama is hiding very bad insolvency news
The Collins Report ^ | July 16,2010 | Kevin “Coach” Collins

Posted on 07/16/2010 7:51:46 AM PDT by jmaroneps37

The liars in Washington are scrambling to figure out how to spin perhaps the worst news yet for millions of Americans: These socialist thugs have actually finally killed Social Security and Medicare.

Each year sometime in March or April the Social Security and Medicare Trustees are supposed to release a report on the fiscal health of Social Security and Medicare.

The reports are now five months late and not “currently scheduled” to be released until August when they will be six months late, if they are leased even then.

Based on the criminal MO of the gangsters running our government, this delay can only mean there is plenty of bad news being hidden from us.

Why would we conclude otherwise? The Managing Trustee of the Social Security/Medicare systems is Secretary of the Treasury, Timothy F. Geithner, an admitted tax cheat and an employer of non social security paying household staff.

The other members of this cabal are Secretary of Labor Hilda L. Solis whose husband is a tax cheat, Kathleen Sebelius, Secretary of Health and Human Services, who is a tax cheat, and Michael J. Astrue, Commissioner of Social Security a George Bush appointee.

The reports which come from the Office of the Actuary of the Social Security Administration, are supposed to be used to plan the funding needs of Social Security and Medicare for the next seventy five years.

You kind of get the feeling these crooks know Obamanomics have ruined these already shaky programs and there is no way they will last seventy five weeks, let alone seventy five years.

CBO report says it all

In its Long Term Budget Outlook, released earlier this month, the Congressional Budget Office reported that Social Security funds allocated to cover this calendar’s year’s payments are now exhausted. Although this startling….

(Excerpt) Read more at collinsreport.net ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: socialsecurity
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To: jmaroneps37

Go here:

http://www.ssa.gov/OACT/TR/2010/index.html

Click on feedback - then ask Where is the 2010 trustees report?


21 posted on 07/16/2010 8:28:36 AM PDT by smokingfrog (freerepublic.com - Now 100% flag free.)
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To: catman67

The GOP should go ape over this asking why the delay?


22 posted on 07/16/2010 8:40:56 AM PDT by Anti-Bubba182
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To: jmaroneps37

They should release it. Reid says SS insolvency is a myth so what are they worried about. /s


23 posted on 07/16/2010 8:48:54 AM PDT by imskylark
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To: kabar

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!)


24 posted on 07/16/2010 8:50:38 AM PDT by Marie (Obama seems to think that Jerusalem has been the capital of Israel since Camp David, not King David)
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To: jmaroneps37
All part of the plan to keep Americans dumb down. America is close to becoming a dictatorship than most of its citizens know or even care. Greed and laziness is the order of the day for millions of Americans.
25 posted on 07/16/2010 8:51:44 AM PDT by Logical me
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To: kabar

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.


26 posted on 07/16/2010 8:56:14 AM PDT by Marie (Obama seems to think that Jerusalem has been the capital of Israel since Camp David, not King David)
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To: jmaroneps37

................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...


27 posted on 07/16/2010 9:02:09 AM PDT by blueyon (The U. S. Constitution - read it and weep)
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To: pingman

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.


28 posted on 07/16/2010 9:13:44 AM PDT by katana (For what is an Irishman ? But a .......)
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To: kabar

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.


29 posted on 07/16/2010 9:46:00 AM PDT by wiggen (Government owned slave.)
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To: jmaroneps37

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.


30 posted on 07/16/2010 10:33:15 AM PDT by TxGrandMom
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To: Anti-Bubba182

‘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.


31 posted on 07/16/2010 11:02:52 AM PDT by 556x45
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To: Marie

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.


32 posted on 07/16/2010 11:19:04 AM PDT by kabar
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To: katana

Doesn’t matter - she represents a “normal” voter. We don’t get much from “normal” voters. Face it - FReepers ain’t normal.


33 posted on 07/16/2010 11:30:06 AM PDT by Little Ray (The Gods of the Copybook Headings with terror and slaughter return!)
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To: TxGrandMom

Take it. Now. Stuff it a bank account and get interest. Invest it. Buy land, guns, ammo, and seeds. Its yours.


34 posted on 07/16/2010 11:32:56 AM PDT by Little Ray (The Gods of the Copybook Headings with terror and slaughter return!)
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To: kabar; All

They will likely release it late-afternoon on Saturday, Sept. 4 to miss the Sunday paper news cycle.

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.

35 posted on 07/16/2010 11:53:00 AM PDT by BP2 (I think, therefore I'm a conservative (Rumors of my demise have been greatly exaggerated))
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To: BP2

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.”


36 posted on 07/16/2010 12:14:49 PM PDT by kabar
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To: jmaroneps37

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.


37 posted on 07/16/2010 12:23:11 PM PDT by Oldpuppymax
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To: jmaroneps37

Market’s down 240 - I suspect someone knows...


38 posted on 07/16/2010 12:27:53 PM PDT by GOPJ (Coincidence is God's way of remaining anonymous - Einstein.)
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To: jmaroneps37
Related link from IBD and a few days ago...

Are Overdue Reports Concealing ObamaCare Impact On Medicare?

39 posted on 07/16/2010 12:30:42 PM PDT by mewzilla (Still voteless in NY-29. Over 250 roll call votes missed and counting...)
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To: TxGrandMom
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.

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

40 posted on 07/16/2010 12:59:29 PM PDT by an amused spectator (Watching the MSM with Obama is like watching Joslyn James with Tiger Woods)
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