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

 
Anonymous Coward
User ID: 1121155
Israel
10/06/2010 07:08 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
AND WE STILL GOT TO PAY


Right,

I am still on vacation
Anonymous Coward
User ID: 1121155
Israel
10/06/2010 07:08 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 1121155
Anonymous Coward
User ID: 793891
United States
10/06/2010 07:13 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
The founding fathers all knew Democracies were self destructive. That is why we are a Republic, or at least the constitution says so. In a Republic, the government CANNOT take your private property (including money) and give it to someone else. Our leaders are all treasonous and do not follow the constitution they all swore to uphold.
NewBeginnings

User ID: 628029
United States
10/06/2010 07:15 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
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



WRONG! No shocking information here! Here is the breakdown of percentage of people who get each type of Social Security:

Of 2009 Social Security benefits, 69% was for retired workers and their dependents, 18% was for disabled workers and their dependents, and 13% was for the survivors of deceased workers.

Here is a direct link to the social security fact page for 2010:

[link to www.socialsecurity.gov]

34 Million Americans get SS ($40 Billion)
8 Million Americans get SSDI ($8.5 Billion)

Note that SS (NOT) SSDI is the highest amount of money paid out there. For all your searching you did: FAIL!
My anthem to the shills of GLP:
We're never gonna, believe in, the stories, that you're weavin'
We're believin' in the proof, we're believin' in the truth
We're believin' in each other, not you, you, you
(Bang Bang Bang - Mark Ronson)
------------------------------------
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~Google It~
------------------------------------
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Anonymous Coward
User ID: 1121140
United States
10/06/2010 07:33 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
Don't worry, Social Security can survive as long as we raise taxes on the younger workers!


.
papa smurf

User ID: 1121241
United Kingdom
10/06/2010 07:36 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
hmm why are the jews so interested in americas doom ?
papa smurf

User ID: 1121241
United Kingdom
10/06/2010 07:41 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 1121155



i've long believed that in order to rip up americas constitution it needs a few thousand right wingers to rise up and attempt to overthrow the gov in a vain attempt to preserve the american way of life.
i must admit thou it would take half a million well organised americans to win any kind of a fight against tptb.

a small uprising would only serve to further the agenda
TM62

User ID: 997623
United States
10/06/2010 07:50 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
Don't worry, Social Security can survive as long as we raise taxes on the younger workers!


 Quoting: Anonymous Coward 1121140


Awesome idea!! One problem all the younger workers are making minimum wage, sooooo they aren't going to be much help. BA degree graduates can't find a job outside of their local supermarket, WTF, all the baby boomers have lost high income jobs (yours truly included in that debacle) so now I can retire without a job, without a decent pension and without F'n social security that I have been paying my whole freakin' life. Hmmm what the "F" did I work all those years for?? YOU TELL ME!!
TM62

User ID: 997623
United States
10/06/2010 07:53 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
It's all about survival now, don't worry about the money that will be non-existent is this country, social security will be the least of our problems. Better learn how to grow & revert back to no utilities, they will surely be bankrupt along with local, state and Fed Governments. You are officially on your own, its as plain as the nose on your face, can't you see it?
Anonymous Coward
User ID: 1087071
United States
10/06/2010 08:30 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
Here is the breakdown of percentage of people who get each type of Social Security:

Of 2009 Social Security benefits, 69% was for retired workers and their dependents, 18% was for disabled workers and their dependents, and 13% was for the survivors of deceased workers.

Here is a direct link to the social security fact page for 2010:

[link to www.socialsecurity.gov]

34 Million Americans get SS ($40 Billion)
8 Million Americans get SSDI ($8.5 Billion)

Note that SS (NOT) SSDI is the highest amount of money paid out there. For all your searching you did: FAIL!
 Quoting: NewBeginnings


What about the illegal immigrants who are sucking dry the purses of citizens to the tune of Billion$ as the gov't subsidizes their housing, food stamps, medical care (Medicaid), education, inmates in prisons, on & on. Much of that is funded by the Social Security "trust fund".

The Kintoons, while in the White House, raped the Social Security funds to balance the budget. A Republican congress allowed it. Now they say it's the Democrat's fault for spending us out of business.

Because the Social Security Administration is registered in Delaware as a FOR PROFIT business, why did they allow OUR retirement funds to be "borrowed" against the future of retirees? It wasn't their money!

How is it that EVERY YEAR Congress votes themselves a raise?
How is it that Congress votes to appropriate funds to foreign countries?
How is it that right wing Republicans are calling for a reduction in Social Security and Medicaire? $48.5 Billion is a spit in the ocean compared to their profligate spending on frivolous projects that benefit us nothing.

How is it that Repbulicans are calling for an extension of Bush's tax cuts for the rich, who threaten to pull out of the U.S.? (The Republican party is the party of the rich, by the rich, and for the rich who have gained their wealth on the backs of the rest of us.)

And it's been this way through each administration, since Reagonomics, that has brought us to this sorry point.
.
TM62

User ID: 997623
United States
10/06/2010 11:07 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
Here is the breakdown of percentage of people who get each type of Social Security:

Of 2009 Social Security benefits, 69% was for retired workers and their dependents, 18% was for disabled workers and their dependents, and 13% was for the survivors of deceased workers.

Here is a direct link to the social security fact page for 2010:

[link to www.socialsecurity.gov]

34 Million Americans get SS ($40 Billion)
8 Million Americans get SSDI ($8.5 Billion)

Note that SS (NOT) SSDI is the highest amount of money paid out there. For all your searching you did: FAIL!


What about the illegal immigrants who are sucking dry the purses of citizens to the tune of Billion$ as the gov't subsidizes their housing, food stamps, medical care (Medicaid), education, inmates in prisons, on & on. Much of that is funded by the Social Security "trust fund".

The Kintoons, while in the White House, raped the Social Security funds to balance the budget. A Republican congress allowed it. Now they say it's the Democrat's fault for spending us out of business.

Because the Social Security Administration is registered in Delaware as a FOR PROFIT business, why did they allow OUR retirement funds to be "borrowed" against the future of retirees? It wasn't their money!

How is it that EVERY YEAR Congress votes themselves a raise?
How is it that Congress votes to appropriate funds to foreign countries?
How is it that right wing Republicans are calling for a reduction in Social Security and Medicaire? $48.5 Billion is a spit in the ocean compared to their profligate spending on frivolous projects that benefit us nothing.

How is it that Repbulicans are calling for an extension of Bush's tax cuts for the rich, who threaten to pull out of the U.S.? (The Republican party is the party of the rich, by the rich, and for the rich who have gained their wealth on the backs of the rest of us.)

And it's been this way through each administration, since Reagonomics, that has brought us to this sorry point.
.
 Quoting: Anonymous Coward 1087071




YES YES THAT IS IT IN A FREAKN' NUTSHELL!!!
applause2 applause2 applause2 applause2
Anonymous Coward
User ID: 1114949
Canada
10/06/2010 01:03 PM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
bump
Anonymous Coward
User ID: 16608244
Israel
05/24/2012 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
ITS GONNA GET ROUGH
Anonymous Coward
User ID: 1064657
United States
05/24/2012 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
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


Here are some facts:

Social Security Disability Statistics
How many people in the United States are disabled, and how many receive Social Security Disability? What is the average Social Security monthly payment? How much does America spend on Social Security Disability payments each month? Find out with our SSD statistics:

· Roughly 60 percent of workers applying for disability benefits (SDDI) are rejected, according to the Social Security Administration (SSA).

· According to the Social Security Administration's 2007 statistical report, 8.1 million people receive SSD benefits each year.

· The United States Census Bureau reported in 2006 that over 52 million American are disabled.

· The backlog in social security disability applications is so large in some areas of the country that the average wait for a hearing in some states is almost two years (600 days).

· The National Safety Council reported in 2004 that a disabling injury occurs every two seconds in America.

· Roughly 90 percent of SSD payments are made to disabled workers.

· Each month, the SSA spends about $8 billion on social security payments to the disabled around the country.

· Health Affairs reported that unexpected illnesses and injuries cause 350,000 bankruptcies a year.

· In 2007, 552,349 workers stopped their benefits and returned to their jobs.

· One out of six disabled beneficiaries received supplemental social security income (SSI) in addition to their other forms of income.

· According to the Health Insurance Association of America, one in seven workers will be disabled for five or more years during their time in the workforce.

· One third of social security payments are made to those struggling with mental diseases, conditions, and disorders.

· The average age of a person receiving social security disability benefits for work was 52 in 2007.

· The average amount of money received by disabled workers last year was just over $1,000 a month.

· In 2005, half of all mortgage foreclosures were caused by disabilities caused by unexpected injury or illness.

· Slightly more men than women received social security disability benefits in 2007.

[link to www.brentadams.com]
Anonymous Coward
User ID: 1064657
United States
05/24/2012 11:02 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


Thank you, I was just to post an identical remark. Shlomo is absolutely factual.
Anonymous Coward
User ID: 16512380
United States
05/24/2012 11:18 AM
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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 :)
 Quoting: Corizon


But the need that money so AIPAC can buy our government using our own tax dollars. I have paid into SS for over 35 years and the government has blown the money on useless wars to profit corporations, EBT cards, and pais SSI benefits for illegals. Nobody my age has any idea how much we will need to retire, look at how much basic costs such as fuel and food have increased just in the last year. Social Security will be gone to be of what little help it would have been - although benefits could have been higher had they not blown the $ and given it to people who never paid in. When every US citizen realizes they have been robbed of money they paid a "trust fund" for 40 years or more of their lives will they finally wake up? What is it going to take?
Anonymous Coward
User ID: 16512380
United States
05/24/2012 11:22 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
Don't worry, Social Security can survive as long as we raise taxes on the younger workers!


 Quoting: Anonymous Coward 1121140


Awesome idea!! One problem all the younger workers are making minimum wage, sooooo they aren't going to be much help. BA degree graduates can't find a job outside of their local supermarket, WTF, all the baby boomers have lost high income jobs (yours truly included in that debacle) so now I can retire without a job, without a decent pension and without F'n social security that I have been paying my whole freakin' life. Hmmm what the "F" did I work all those years for?? YOU TELL ME!!
 Quoting: TM62


clappa
Anonymous Coward
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United States
05/24/2012 11:23 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
hmm why are the jewish people so interested in americas doom ?
 Quoting: papa smurf


Making sure their plan is on schedule?
Anonymous Coward
User ID: 16713822
United States
06/08/2012 03:30 PM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
Social security disability is a crock of shit ! I personally know of several people who collect and are able to work. I know a woman who collects about $1400. per month. She is too sick to work, yet everytime you talk to her she is popping out of town for another vacation. A guy I know is 33 years old and applying because of his weight! He is a gluttonous fat ass and the taxpayers are supposed to foot the bill. When fat ass did work, he had an office job and sat behind a desk all day. Now that he is hitting the dole, he still sits at a computer all day facebooking and playing video games. If he can do this, why is he "too sick to work"?
Anonymous Coward
User ID: 937494
Israel
12/06/2012 08:03 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.

read the rest


[link to godssecret.wordpress.com]


 Quoting: Anonymous Coward 1121155

 Quoting: Anonymous Coward 1121155



IT AINT GETTIN ANY BETTER FOLKS

TOUGH TIMES ARE COMMIN

BY

OBAMA
Anonymous Coward
User ID: 937494
Israel
12/06/2012 08:23 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
You know what happens when welfare money runs out ?
Anonymous Coward
User ID: 29693086
Israel
12/12/2012 04:11 AM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
You know what happens when welfare money runs out ?
 Quoting: Anonymous Coward 937494


Time to tighten our belts


BEFORE IT GETS REALLY UGLY

We can do it slowly


OR IT WILL HIT US

"HARD AND FAST"

I am glad I am on vacation
Anonymous Coward
User ID: 47763664
Israel
10/02/2013 01:07 PM
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Re: Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time
the only question is

when

not if

God help us all

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