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...

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

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

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

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.


.

Our Social security liability is in Trillions

$14,298,570,999,999

bottom left hand corner.

[link to www.usdebtclock.org]

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.


.

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

When it a come crashing down


you better get out of the


way

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.

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

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