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Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time

 
Funds Exhaust
User ID: 925525
Israel
03/25/2010 02:54 PM
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Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
Analysts have long tried to predict the year when Social Security would pay out more than it took in because they view it as a tipping point - the first step of a long, slow march to insolvency, unless Congress strengthens the program's finances.

"When the level of the trust fund gets to zero, you have to cut benefits," Alan Greenspan, architect of the plan to rescue the Social Security program the last time it got into trouble, in the early 1980s, said on Wednesday.

D-day: 2037



not no more.


Trouble is coming on very quickly



The problem, is that payments have risen more than expected during the downturn, because jobs disappeared and people applied for benefits sooner than they had planned. At the same time, the program's revenues have fallen sharply, because millions of jobs have disappeared, leaving fewer paychecks to tax.

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Anonymous Coward (OP)
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Israel
03/25/2010 03:01 PM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
looks like its almost over
Anonymous Coward
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03/25/2010 03:11 PM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
bump
Anonymous Coward
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03/25/2010 07:54 PM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
that kinda happens when you have a bunch of people not working...
Anonymous Coward
User ID: 926105
Israel
03/26/2010 08:06 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
that kinda happens when you have a bunch of people not working...
 Quoting: Anonymous Coward 787244



and more people than ever are drawing ss

its all going down

and obama is putting gas on the fire with

the gov health care
Anonymous Coward
User ID: 927235
Israel
03/27/2010 02:03 PM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
is this like the fall of ancient Rome ?
Anonymous Coward
User ID: 927724
Israel
03/28/2010 03:44 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
disaster right in our face
Anonymous Coward
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Israel
03/28/2010 02:06 PM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
this is really bad
Anonymous Coward
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Israel
04/06/2010 09:25 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
ALL THE BAD CARDS ARE FALLING INTO PLACE
Anonymous Coward
User ID: 955122
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04/28/2010 03:01 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
DONT COUNT ON IT





Analysts have long tried to predict the year when Social Security would pay out more than it took in because they view it as a tipping point - the first step of a long, slow march to insolvency, unless Congress strengthens the program's finances.

"When the level of the trust fund gets to zero, you have to cut benefits," Alan Greenspan, architect of the plan to rescue the Social Security program the last time it got into trouble, in the early 1980s, said on Wednesday.

D-day: 2037



not no more.


Trouble is coming on very quickly



The problem, is that payments have risen more than expected during the downturn, because jobs disappeared and people applied for benefits sooner than they had planned. At the same time, the program's revenues have fallen sharply, because millions of jobs have disappeared, leaving fewer paychecks to tax.

[link to wp.me]
read the rest
 Quoting: Funds Exhaust 925525
anonymous
User ID: 954949
United States
04/28/2010 04:55 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
congress kept robbing SS for slush funds money for per projects.. our tax and spend congress has not changed a bit. they are taxing you and your family soon in brand new ways then tax and cap carbons are next . insiders on the hill will be filfthy rich on that one . ., while we pay more.. get that houseof ypur super insulated Colorado and other super cold zones property should be R 48 roof and and R30 in walls with triple pane windows . So get busy .
Anonymous Coward
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United States
04/28/2010 05:34 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
1/4 of the U.S. population are Baby Boomers. That alone is going to be hard to fund considering the government has looted those funds for 50 years. The real insanity came from Bill Clinton who agreed to pay illegals Mexicans and even send the checks down to mexico. Then you have 35 million illegal mexicans, probably many more than what the government admits too, that get paid and do not pay income tax or into the SS program.

But the biggest scam draining the system is SSDI. People under 62 years of age that somehow got Social Security Disability and are draining the system. The funny thing is the numbers on SSDI seem to be top secret. I did some google searches and can't find a thing. I can understand why. If the people knew how many people are on SSDI compared to regular SS then they would be shocked. I'll bet there are more people on SSDI milking the system than there are people on regular SS.


.
Nailer45

User ID: 949126
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04/28/2010 05:39 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
Our Social security liability is in Trillions

$14,298,570,999,999

bottom left hand corner.

[link to www.usdebtclock.org]
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward
User ID: 955122
Israel
04/28/2010 06:20 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
there is going to be fighting in the streets

Riots

things are going to get crazy


DONT COUNT ON IT






Analysts have long tried to predict the year when Social Security would pay out more than it took in because they view it as a tipping point - the first step of a long, slow march to insolvency, unless Congress strengthens the program's finances.

"When the level of the trust fund gets to zero, you have to cut benefits," Alan Greenspan, architect of the plan to rescue the Social Security program the last time it got into trouble, in the early 1980s, said on Wednesday.

D-day: 2037



not no more.


Trouble is coming on very quickly



The problem, is that payments have risen more than expected during the downturn, because jobs disappeared and people applied for benefits sooner than they had planned. At the same time, the program's revenues have fallen sharply, because millions of jobs have disappeared, leaving fewer paychecks to tax.

[link to wp.me]
read the rest

 Quoting: Anonymous Coward 955122
Irdoooomed

User ID: 955171
Australia
04/28/2010 06:34 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
I can't get over the fact the the entire forums Jews are on one thread!
Twenty grand dood, it's a lot of money!

Recently homosexuals have been making anti christian threads. Think about it.
Anonymous Coward
User ID: 955218
United States
04/28/2010 06:53 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
Obama: "We're out of Money."
[link to www.c-span.org] [Warning: PDF]

In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."

C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.

SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?

OBAMA: Well, we are out of money now. We are operating in deep deficits

"The figure Walker cites includes future payments that government entitlement programs would have to pay, including $32 trillion owed by Medicare."
[link to www.cnn.com]

"Add together the unfunded liabilities from Medicare and Social Security, and it comes to $99.2 trillion over the infinite horizon."
[link to www.dallasfed.org]

U.S. unfunded liabilities: over 108 Trillion dollars
[link to usdebtclock.org]

The Truth About Voting (Democracy)

[link to www.youtube.com]
Anonymous Coward
User ID: 998787
Israel
06/10/2010 09:47 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
Thing are going to get


BAD



there is going to be fighting in the streets

Riots

things are going to get crazy



DONT COUNT ON IT






Analysts have long tried to predict the year when Social Security would pay out more than it took in because they view it as a tipping point - the first step of a long, slow march to insolvency, unless Congress strengthens the program's finances.

"When the level of the trust fund gets to zero, you have to cut benefits," Alan Greenspan, architect of the plan to rescue the Social Security program the last time it got into trouble, in the early 1980s, said on Wednesday.

D-day: 2037



not no more.


Trouble is coming on very quickly



The problem, is that payments have risen more than expected during the downturn, because jobs disappeared and people applied for benefits sooner than they had planned. At the same time, the program's revenues have fallen sharply, because millions of jobs have disappeared, leaving fewer paychecks to tax.

[link to wp.me]
read the rest


 Quoting: Anonymous Coward 955122
Anonymous Coward
User ID: 994051
United States
06/10/2010 10:37 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
I have a relative stuck amongst the Hillbillies in East Tennessee, and the largest "employer" (where people's checks come from) for every county in Social Security Disability!


1/4 of the U.S. population are Baby Boomers. That alone is going to be hard to fund considering the government has looted those funds for 50 years. The real insanity came from Bill Clinton who agreed to pay illegals Mexicans and even send the checks down to mexico. Then you have 35 million illegal mexicans, probably many more than what the government admits too, that get paid and do not pay income tax or into the SS program.

But the biggest scam draining the system is SSDI. People under 62 years of age that somehow got Social Security Disability and are draining the system. The funny thing is the numbers on SSDI seem to be top secret. I did some google searches and can't find a thing. I can understand why. If the people knew how many people are on SSDI compared to regular SS then they would be shocked. I'll bet there are more people on SSDI milking the system than there are people on regular SS.


.
 Quoting: Anonymous Coward 954921
Anonymous Coward
User ID: 998787
Israel
06/10/2010 10:42 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
People will be fighting for


food
Anonymous Coward
User ID: 533174
United States
06/10/2010 10:46 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
Our Social security liability is in Trillions

$14,298,570,999,999

bottom left hand corner.

[link to www.usdebtclock.org]
 Quoting: Nailer45



They can just pay mine from the interest on the money I paid in for the last 45 years...




.
Anonymous Coward
User ID: 997694
United States
06/10/2010 10:47 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
so basically I have been a cow for all these years?
Anonymous Coward
User ID: 907535
United States
06/10/2010 10:55 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
I have a relative stuck amongst the Hillbillies in East Tennessee, and the largest "employer" (where people's checks come from) for every county in Social Security Disability!



1/4 of the U.S. population are Baby Boomers. That alone is going to be hard to fund considering the government has looted those funds for 50 years. The real insanity came from Bill Clinton who agreed to pay illegals Mexicans and even send the checks down to mexico. Then you have 35 million illegal mexicans, probably many more than what the government admits too, that get paid and do not pay income tax or into the SS program.

But the biggest scam draining the system is SSDI. People under 62 years of age that somehow got Social Security Disability and are draining the system. The funny thing is the numbers on SSDI seem to be top secret. I did some google searches and can't find a thing. I can understand why. If the people knew how many people are on SSDI compared to regular SS then they would be shocked. I'll bet there are more people on SSDI milking the system than there are people on regular SS.


.

 Quoting: Anonymous Coward 994051


+100

Some areas should be renamed "Handicap Hills" with so many people receiving SSDI.....I seen some small towns that welfare and SSDI makes up the majority of income....Mmmm! Mmmm! Mmmm!...
Anonymous Coward
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United States
06/10/2010 10:59 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
Bullshit! If government hadn't already spent the money on everything else, there would be PLENTY in the SS Trust Fund.

It is already at 50% of what it should be.
Instead of giving 400 million more to GAZA or billions more to the banks and bushes, how about the government just make good on its original promises to those who kept them in business for so many years?

Oh, that's right, it isn't the REAL government. It is a fake, now 'bossed' by a foreign usurper. I think it is time we did our constitutional duty and removed the bastards!
Anonymous Coward
User ID: 1005935
Israel
06/17/2010 06:22 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
pardon the language but

the skum in power in Washington

are fkng us bad


stop them soon, hope its not too late ?







Thing are going to get


BAD




there is going to be fighting in the streets

Riots

things are going to get crazy



DONT COUNT ON IT






Analysts have long tried to predict the year when Social Security would pay out more than it took in because they view it as a tipping point - the first step of a long, slow march to insolvency, unless Congress strengthens the program's finances.

"When the level of the trust fund gets to zero, you have to cut benefits," Alan Greenspan, architect of the plan to rescue the Social Security program the last time it got into trouble, in the early 1980s, said on Wednesday.

D-day: 2037



not no more.


Trouble is coming on very quickly



The problem, is that payments have risen more than expected during the downturn, because jobs disappeared and people applied for benefits sooner than they had planned. At the same time, the program's revenues have fallen sharply, because millions of jobs have disappeared, leaving fewer paychecks to tax.

[link to wp.me]
read the rest



 Quoting: Anonymous Coward 998787
Anonymous Coward
User ID: 1064041
Israel
08/10/2010 02:13 PM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
When it a come crashing down


you better get out of the


way
Corizon

User ID: 990018
United States
08/10/2010 02:21 PM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
When it a come crashing down


you better get out of the


way
 Quoting: Anonymous Coward 1064041



Well ya know if we quit sending all that money to Israel we could put it back into the pockets of all the people who have paid in :) They should be able to tally what each of us has paid in , plus a small interest :)
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I think he's from the CIA.
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Shlomo Leachstein
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08/10/2010 05:16 PM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
This has been debunked. Social Security will be solvent until at leaast 2050.

The "foreign" banksters and their minions are spreading false reports so they can suck that out of Americans, just like they did with the recent bank bailouts.
Anonymous Coward
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Israel
08/16/2010 06:13 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
This has been debunked. Social Security will be solvent until at leaast 2050.

The "foreign" banksters and their minions are spreading false reports so they can suck that out of Americans, just like they did with the recent bank bailouts.
 Quoting: Shlomo Leachstein 1061987



"This has been debunked. Social Security will be solvent until at leaast 2050."


Where in dream world


Got a link on this
Anonymous Coward
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Israel
08/30/2010 02:01 PM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
What you gonna do then ?
Anonymous Coward
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08/30/2010 02:04 PM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
This has been debunked. Social Security will be solvent until at leaast 2050.

The "foreign" banksters and their minions are spreading false reports so they can suck that out of Americans, just like they did with the recent bank bailouts.



"This has been debunked. Social Security will be solvent until at leaast 2050."


Where in dream world


Got a link on this
 Quoting: Anonymous Coward 1069681




it is now net negative...it is insolvent , period.


money coming in is insufficient to fund money going out


look at gov website...its there in black and white
Anonymous Coward
User ID: 1121155
Israel
10/06/2010 06:55 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
NOT LONG NOW


pardon the language but

the skum in power in Washington

are fkng us bad


stop them soon, hope its not too late ?








Thing are going to get


BAD




there is going to be fighting in the streets

Riots

things are going to get crazy



DONT COUNT ON IT






Analysts have long tried to predict the year when Social Security would pay out more than it took in because they view it as a tipping point - the first step of a long, slow march to insolvency, unless Congress strengthens the program's finances.

"When the level of the trust fund gets to zero, you have to cut benefits," Alan Greenspan, architect of the plan to rescue the Social Security program the last time it got into trouble, in the early 1980s, said on Wednesday.

D-day: 2037



not no more.


Trouble is coming on very quickly



The problem, is that payments have risen more than expected during the downturn, because jobs disappeared and people applied for benefits sooner than they had planned. At the same time, the program's revenues have fallen sharply, because millions of jobs have disappeared, leaving fewer paychecks to tax.

[link to wp.me]
read the rest




 Quoting: Anonymous Coward 1005935