Disaster-End of Social Security-pay out to exceed tax revenue to fund this year for first time | |
| Anonymous Coward User ID: 1121155 10/06/2010 07:08 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1121155 10/06/2010 07:08 AM Report Abusive Post Report Copyright Violation | NOT LONG NOW Quoting: Anonymous Coward 1121155pardon 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 |
| Anonymous Coward User ID: 793891 10/06/2010 07:13 AM Report Abusive Post Report Copyright Violation | 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 10/06/2010 07:15 AM Report Abusive Post Report Copyright Violation | 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 954921WRONG! 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) ------------------------------------ Janey's "doesntwannabeglpsobad" ~Google It~ ------------------------------------ “Of course I'm crazy, but that doesn't mean I'm wrong.” - Robert Anton Wilson |
| Anonymous Coward User ID: 1121140 10/06/2010 07:33 AM Report Abusive Post Report Copyright Violation | |
| papa smurf User ID: 1121241 10/06/2010 07:36 AM Report Abusive Post Report Copyright Violation | |
| papa smurf User ID: 1121241 10/06/2010 07:41 AM Report Abusive Post Report Copyright Violation | NOT LONG NOW Quoting: Anonymous Coward 1121155pardon 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 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 10/06/2010 07:50 AM Report Abusive Post Report Copyright Violation | Don't worry, Social Security can survive as long as we raise taxes on the younger workers! Quoting: Anonymous Coward 1121140Awesome 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 10/06/2010 07:53 AM Report Abusive Post Report Copyright Violation | 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 10/06/2010 08:30 AM Report Abusive Post Report Copyright Violation | Here is the breakdown of percentage of people who get each type of Social Security: Quoting: NewBeginningsOf 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. . |
| TM62 User ID: 997623 10/06/2010 11:07 AM Report Abusive Post Report Copyright Violation | Here is the breakdown of percentage of people who get each type of Social Security: Quoting: Anonymous Coward 1087071Of 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. . YES YES THAT IS IT IN A FREAKN' NUTSHELL!!! |
| Anonymous Coward User ID: 1114949 10/06/2010 01:03 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 16608244 05/24/2012 10:47 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1064657 05/24/2012 10:55 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 954921 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. . 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 05/24/2012 11:02 AM Report Abusive Post Report Copyright Violation | This has been debunked. Social Security will be solvent until at leaast 2050. Quoting: Shlomo Leachstein 1061987 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. Thank you, I was just to post an identical remark. Shlomo is absolutely factual. |
| Anonymous Coward User ID: 16512380 05/24/2012 11:18 AM Report Abusive Post Report Copyright Violation | When it a come crashing down Quoting: Anonymous Coward 1064041you better get out of the way 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 :) 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 05/24/2012 11:22 AM Report Abusive Post Report Copyright Violation | Don't worry, Social Security can survive as long as we raise taxes on the younger workers! Quoting: Anonymous Coward 1121140Awesome 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!! ![]() |
| Anonymous Coward User ID: 16512380 05/24/2012 11:23 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 16713822 06/08/2012 03:30 PM Report Abusive Post Report Copyright Violation | 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 12/06/2012 08:03 AM Report Abusive Post Report Copyright Violation | NOT LONG NOW Quoting: Anonymous Coward 1121155pardon 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] IT AINT GETTIN ANY BETTER FOLKS TOUGH TIMES ARE COMMIN BY OBAMA |
| Anonymous Coward User ID: 937494 12/06/2012 08:23 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 29693086 12/12/2012 04:11 AM Report Abusive Post Report Copyright Violation | |