Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Social Security Faces $9.6T in Unfunded Liabilities—$83,894 Per Household
Cybercast News Service ^ | June 3, 2013 - 1:08 PM | Ryan Kierman

Posted on 06/03/2013 1:06:02 PM PDT by Olog-hai

The Social Security program faces $9.6 trillion in unfunded liabilities over the next 75 years, which is up $1 trillion from last year’s projection of $8.6 trillion, according to the latest report from Social Security’s board of trustees.

The unfunded liability is the amount that has been promised in benefits to people now alive that will not be funded by the tax revenue the system is expected to take in to pay for those benefits. (The Social Security trustees calculate the unfunded liability for a period of 75 years into the future, from 2012 to 2087). …

(Excerpt) Read more at cnsnews.com ...


TOPICS: Constitution/Conservatism; Government; News/Current Events; US: District of Columbia
KEYWORDS: bankrupt; broke; debt; entitlements; liberalagenda; socialsecurity; ssfraud; sstrustfund
Navigation: use the links below to view more comments.
first previous 1-2021-4041 last
To: JCBreckenridge
So you’re saying it wasn’t theft when they stole from you?

The fact of it was a theft enabled by gov't power. However we could be made whole commensurate with those "contributions" we were forced to make at gunpoint. Now the SS defenders constantly assert our money was "invested" in special gov't bonds (every once an a while they'll pull them out of a drawer in Ohio somewhere) and it's solvent, don't worry.

Touting the FEDGOV as the beneficiary of this crime means it's the FEDGOV's assets we have claim to. Of course this is verging on low-probability nonsense - for one thing we probably need gov't permission to sue it over this - for another thing the FEDGOV isn't allowed to be bankrupt (full faith and credit, remember?).

41 posted on 06/04/2013 5:46:19 AM PDT by no-s (when democracy is displaced by tyranny, the armed citizen still gets to vote)
[ Post Reply | Private Reply | To 20 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson