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.
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.
One of the scarrier posts I've read of late...
Well. Most of us who pay attention understand that the way things are going, our social security won’t mean squat by the time most of us try to collect what we paid into.
The best we can hope for is that they continue to send out checks whether they are worth anything or not. That way, we know that we will have something to wipe with.
Sadly, the enviroweenies are sure to deny us even that. No toilet paper for you, electronic deposit of five million dollars each month.