Posted on 08/14/2010 12:23:10 PM PDT by Justaham
President Barack Obama used the anniversary of Social Security to trumpet Democrats' support for the popular program and accuse Republicans of trying to destroy it.
Seventy-five years after President Franklin D. Roosevelt signed Social Security into law, Obama said in his weekly radio and Internet address Saturday: "We have an obligation to keep that promise, to safeguard Social Security for our seniors, people with disabilities and all Americans — today, tomorrow and forever."
Some Republican leaders in Congress are "pushing to make privatizing Social Security a key part of their legislative agenda if they win a majority in Congress this fall," Obama said.
He contended that such privatization was "an ill-conceived idea that would add trillions of dollars to our budget deficit while tying your benefits to the whims of Wall Street traders and the ups and downs of the stock market."
(Excerpt) Read more at msnbc.msn.com ...
Really Obama? and you are destroying everything else!
Why you being so nice to him Laz, are you on the make? ; )
Raising retirement age won’t work
http://www.washingtontimes.com/news/2010/jul/26/raising-retirement-age-wont-work/
The co-chairmen of President Obama’s debt and deficit commission, Erskine Bowles and Alan Simpson, recently warned that our country’s current fiscal path - primarily the cost of entitlements - unless reversed, “will destroy the country from within.”
Desperation time.
Social Security in the red this year
http://www.washingtontimes.com/news/2010/aug/5/social-security-red-first-time-ever/
Social Security will pay out more this year than it gets in payroll taxes, marking the first time since the program will be in the red since it was overhauled in 1983, according to the annual authoritative report released Thursday by the program’s actuary.
Sad point is he wont be called on his lies.
Hmmmm. HE is accusing someone of wanting to add trillions to the deficit? Idiot, anyone can see who has added trillions to the deficit. He is insulting our intelligence again.
Obozo the Rats destroyed it a long time ago.
Month’s late Social Security/Medicare Trustees report means Obama is hiding very bad insolvency news
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.
...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.
When he starts the “roundup”, look for a bunch of us Texans to stampede.....
What a moron! Social Security is in the red, it's already destroyed.
That's where SS is right now!!!
The (Still) Missing Social Security Annual Report
The Social Security’s trustees’ annual report is, by law, supposed to be published by April 1. This year, however, the trustees have postponed its release indefinitely. The program’s financial condition continues to remain hidden from public view—and by many accounts will continue to be so until the end of the fiscal year.
...But the trustees’ decision to table that report was clearly unopposed because Social Security currently has no confirmed public trustees. All of its current trustees are ex officio members of the Obama administration, leaving no one to register concern that delay would prevent the public from knowing how rapidly Social Security’s finances are deteriorating.
Obama cut Medicare by $500 billion.
Social Security to pay out more than it takes in for first time ever
The recession and droves of retiring baby boomers will force Social Security to pay out more than it takes in for this year for the first time ever.
Only one leg of the plan.
The second is to increase SS taxes, all flowing into the RAT lockbox, of course.
Then we’ll have an increase in medical insurance, followed by a significant decrease in actual medical care, with denial of all care to seniors (except for the elite, of course).
You just need to think to see how the puzzle plays out.
Oh, by the way, you’ll be required to fund the “education” of the children who will “support” you in your retirement.
I really need to get some of whatever these people are smoking, ‘cause it doesn’t look all that great from my point of view.
Anyway, in the meantime, work, if you’ve a job, pay as demanded, and shut up. A simple formula.
hows about cutting all govt (fed, state and local) employees salaries and pensions in half to be more in line with private sector...and then getting rid of the 50% who don’t like it...that should help restore some of the SS tax money stolen the last 40-50 years and then it just might work out!
The Democrat Majority Congress has to pay back those IOU’s sooner, rather than later. I’d hope they saved for a rainy day...
Democrat Majority Congress has to pay back those IOU’s sooner
^
And Obama has been part of the spending problem since Democrats won the Majority in the 2006 mid-term elections
Obumbler is the KING of LAME!
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