I tell you the solution this problem is a TAX ON DEMOCRATS ~ just them. They would all pay the tax computed on their gross wealth and gross income combined for a 10 year period. Sure, this might result in some forced sales (bankruptcies) but who cares ~ we don't!
Just posted a article on this topic:) under front page news
Kick that can extra, extra hard nobama. What the hell, no skin off your nose.
Next up... your 401k’s will be needed to fund SS.
Wait and see.
This will be offset, significantly, by the large number of retirees dying earlier then expected due to Obamacare and the lack of proper medical care and services.
What these fools don't realize is that there is NO Social Security Fund! That is a myth that liberals keep touting! The money that people are receiving from Social Security comes from the General Treasury, there isn't a Fort Knox full of Social Security money!!!
But what else would you expect from democrats? Remember we just like to starve granny, force granny to eat cat food, and throw them down stairs...
If you are an AARP member take your card and burn it, the discounts aren't worth supporting a leftist organization full of Obama worshipers.
Wait just a minute. The politicians have been saying this point wouldn’t be reached for decades.
It it possible that they were lying?
SS started out in the red. I really don’t think it was ever self-sustaining.
Someone please correct me if I’m wrong.
not a fan of SS...this should have been privatized decades ago...but I have reached that age and paid for it all my life and expect to have it....
that being said....if it was kept a separate fund from the general...as it was designed...there would be enough money in it...though not a tremendous amount..it would still be in the black.
I seem to recall SS already being in the red even before this year’s “payroll tax holiday”.
Since the “Social Security Trust Fund” has long been spent, and in order for the Social Security Administration to redeem one dollar in its bonds the Treasury Department must sell one dollar of bonds elsewhere, the Social Security Trust Fund should be recognized as the accounting fiction it is and declared Null and Void.
From now on, Social Security payouts should be funded solely by FICA tax revenues.
This requires, of course, some combination of increasing the retirement age and means-testing all recipients, at a minimum.
Raising the retirement age, of course, worsens the unemployment problem.
I’ve been saying for some time that “much unpleasantness lies ahead, no matter what anyone does”.
I hope competition for greeter jobs a Wal*Mart doesn’t heat up too much in the next 5-10 years.
And what did no COLA for 2 years put into the system. My rent went up. Food went up. Gas went up....but no cola. It really hurt.
The Ponzi scheme will collapse.
No one wants to call it that, but it is. Expect to hear howls of rage as the retired folks say “I want my money!”
Great, just when I am about to start collecting Social Security they run out of money.
Another Obama first. Thanks to the hard work of the Obama Administration and Congressional Democrats, Social Security became insolvent six years ahead of schedule.
Sunday morning! Wake up, get some coffee, scan the headlines.... and find a FR post about SS that’s already had 74 replies in two hours.
Let's just say that I haven't depended on Social Security for my...well...for anything.
(And I'm not trusting in a government rescue!)
(Is anybody stupid enough to think that those thugs in Washington are looking out for anybody's interests but their own?) (Obviously millions are. They're called Democrats.)
("Don't trust yo' soul to no backwoods country lawyer," but if you have to make a choice it would be a better bet than a slick Washington politician!)
Social Security will need an extra $267 billion to pay promised benefits?
Keep Michelle at home. That should do it.