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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: katana

I totally agree with you and educated him at the time.


41 posted on 07/19/2010 8:15:29 AM PDT by Noamie
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To: Noamie

and you call her a friend?


42 posted on 07/25/2010 11:18:01 AM PDT by mojitojoe (When crisis becomes opportunity, crisis becomes the goal.)
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To: mojitojoe

Oh, you bet. And a good one.

Unlike Liberals, I am tolerant; even if someone is misguided and clueless.


43 posted on 07/26/2010 1:32:59 PM PDT by Noamie
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To: Noamie

You need new friends.


44 posted on 07/26/2010 1:35:30 PM PDT by Palladin (Obama to BP: "Did you plug the hole, Daddy?")
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