SOCIAL SECURITY IS A FISCAL CLIFF THAT NO ONE WANTS TO DISCUSS

http://politicaloutcast.com/2012/11/social-security-is-a-fiscal-cliff-that-no-one-wants-to-discuss/

WRITING OFF THE ELDERLY (SOCIAL SECURITY)

http://www.paulcraigroberts.org/2012/06/15/writing-off-the-elderly/

OBAMA THE DICTATOR'S CONNECTICUT SOCIAL SECURITY NUMBER HITS RUSH

http://www.wnd.com/2012/05/obamas-conn-social-security-number-hits-rush/

SOCIAL SECURITY TRUSTIEES: WE'RE GOING BROKE! (WELCOME TO OBAMALAND!)

http://www.ncpa.org/sub/dpd/index.php?Article_ID=21862&utm_source=newsletter&utm_medium=email&utm_campaign=DPD

FORGET GETTING YOUR EXPECTED SOCIAL SECURITY...

.......forget getting your expected Social Security.

Unbridled spending eventually has very unpopular consequences. This would be the end of the "Social Contract"
.
Greece, anyone?

"Social Security is made up of two major trust funds, the Old-Age and Survivors Insurance program and the Disability Insurance program.

In total, Social Security will spend $773 billion this year, jumping to $1.4 trillion a year by 2022. But every year those payments will outstrip payroll taxes coming in to the system, draining the trust funds and leading to the 2022 deficit.

Under current law, that means Social Security would have to cut benefits that year, said Douglas Holtz-Eakin, former director of the Congressional Budget Office and now president of the right-leaning American Action Forum.

“At that point, the Social Security Administration will not have the legal means payroll taxes coming in, or holdings in the trust fund to pay full benefits, and as a result it will have to cut benefits across the board to match payroll [taxes] coming in,” Mr. Holtz-Eakin said. “That’s a disgraceful plan.”

The complete article appears below.....

Social Security reserves forecast to run dry in 2022

By Stephen Dinan

-

The Washington Times

Monday, February 13, 2012

President Barack Obama speaks about the “Community College to Career Fund” and his 2013 budget, Monday, Feb. 13, 2012, at Northern Virginia Community College in Annandale, Va. (AP Photo/Susan Walsh)

Social Security’s bank account will go bust in 2022 — the first time the program’s combined trust funds will run a deficit, according to President Obama’s budget released Monday.

One of Medicare’s trust funds also will be in the red for much of the next decade, according to the numbers in the briefing book that the White House provided to Congress along with the budget, which lays out Mr. Obama’s tax and spending plans for fiscal year 2013 and beyond.

Social Security has taken in less in taxes than it has paid out in benefits since 2010, but the shortfall has beenmade up as the government has dipped into IOUs left in the trust funds from previous years.

Monday’s numbers, though, show the combined trust fund itself will run a deficit of $2.6 billion in 2022. Together, Medicare and Social Security make up what Republicans called the “twin tidal waves” of an impending fiscal calamity. Combined with Medicaid, the three big entitlements will equal nearly 15 percent of U.S. gross domestic product by 2022.

Mr. Obama did not propose any broad changes in his blueprint, but the White House said he did take some small steps on Medicare and Medicaid, calling for slicing out $362 billion from what the programs would have spent over the next decade, or 1.7 percent of the 10-year cost for both programs.

“It doesn’t mean we’ve solved every problem for the country going forward. Certainly, that wouldn’t be the case,” said White House press secretary Jay Carney. “But it does it in a responsible way, and it does it in a way that proves, as other bipartisan commissions have shown, that you do not have to decimate Medicare, end it as we know it.”

All sides agree that entitlement programs are the major driver in deficits and long-term debt, and will soon begin to crowd out regular defense and domestic needs. Both parties have struggled to summon the courage to find a solution.

In his budget, Mr. Obama focused instead on shorter-term issues. He proposed some specific spending boosts, accompanied by cuts elsewhere, and spent most of his effort pushing for tax increases on the wealthiest Americans, arguing that the budget and economic fairness demanded it.

In his seven-page letter to Congress, Mr. Obama didn’t mention Social Security, but he did praise changes to Medicare and Medicaid that he said would sweat out more than $360 billion in savings.

Chief among those efforts is means-testing two parts of Medicare so that higher-income seniors would pay more for their coverage.

“The goal of these reforms is to make these critical programs more effective and efficient, and help make sure our health care system rewards high-quality medicine,” Mr. Obama said in his letter to Congress. “What it does not do — and what I will not support — are efforts to turn Medicare into a voucher or Medicaid into a block grant. Doing so would weaken both programs and break the promise that we have made to American seniors, people with disabilities, and low-income families, a promise I am committed to keeping.”

Republicans said if Mr. Obama sees the same dire long-term numbers on Medicare and Social Security, he should have suggested serious changes.

“If you share the view that there ought to be changes in the ‘out years,’ why aren’t they in the budget?” said Sen. Jeff Sessions of Alabama, the ranking Republican on the Senate Budget Committee. “If you recognize, I think, as all of us do, that Medicare, Social Security and Medicaid are programs in dire danger and need to be fixed, why don’t you do it today?”

Social Security is made up of two major trust funds, the Old-Age and Survivors Insurance program and the Disability Insurance program. In total, Social Security will spend $773 billion this year, jumping to $1.4 trillion a year by 2022. But every year those payments will outstrip payroll taxes coming in to the system, draining the trust funds and leading to the 2022 deficit.

Under current law, that means Social Security would have to cut benefits that year, said Douglas Holtz-Eakin, former director of the Congressional Budget Office and now president of the right-leaning American Action Forum. “At that point, the Social Security Administration will not have the legal means payroll taxes coming in, or holdings in the trust fund to pay full benefits, and as a result it will have to cut benefits across the board to match payroll [taxes] coming in,” Mr. Holtz-Eakin said. “That’s a disgraceful plan.”

Social Security’s spending growth will be matched by the other two major entitlements. Medicare will go from $478 billion to $908 billion, and Medicaid will rise from $255 billion in federal spending to $578 billion, according to the budget. All sides agree that Social Security should be the easiest of the three programs to tackle.

But recent efforts to do so have been politically disastrous. President Bush’s plan to add personal accounts to the system collapsed in 2005 under opposition from both parties on Capitol Hill and from seniors across the country who feared it would jeopardize their benefits.

SENIORS BEWARE - OBAMA'S PAYROLL TAX CUT DEFUNDS SOCIAL SECURITY

http://conservativebyte.com/2011/12/obamas-payroll-tax-cut-defunds-social-security/

But that's ok, because if he has his way, when you're still working at 70 and you retire, you'll be ready for the death panels, and then you're really out the door. Nothing to worry about here!

Are you, even if you're 40 - ready to fight this crap?

1-866-220-0044 - your toll free number to Congress. Use it. They need to know how anti-American they've become, and that we're mad as hell.

WHAT IF YOU WENT TO CHECK YOUR SOCIAL SECURITY CONTRIBUTION STATEMENT AND IT WASN'T ONLINE? WELL, THAT'S WHAT HAPPENED!

http://www.ssa.gov/mystatement/

A friend who is retired wanted to help his son find his current statement of Social Security contributions. The above link was what he found.

There isn't any.

Your money may have gone down the rabbit hole - into a vaporous chamber of nothingness.

This is very alarming to me.

It should be to you, too.

Will the next thing be the cashless society, where the government pays you in credit and you redeem them with your biometric identification in card form, or in your body?

The new numbers to Congress (toll-free of course) are 866-220-0044 and 866-338-1015

THE PLOT TO CRASH SOCIAL SECURITY

http://www.realecontv.com/videos/government-corruption/the-plot-to-crash-social-security-.html

KUCINICH: IT'S A FAKE CRISIS. SOCIAL SECURITY IS SOLVENT THROUGH 2037. MORE OF OBAMA'S LIES.

http://dailybail.com/home/dennis-kucinich-its-a-fake-crisis-social-security-did-not-cr.html

LIBERAL NIGHTMAREl LOOTED FIRST BY JOHNSON AND CARTER WHO EXPANDED BIG GOVERNMENT AND OBAMA'S GOT THE SHOVEL TO BURY US.

http://romanticpoet.wordpress.com/2011/07/29/liberal-nightmare-lyndon-johnson-started-the-raid-on-social-security-for-other-government-programs-jimmy-carter-expanded-big-government-obamas-got-the-shovel/

EXPLAIN THAT, YOU LIBERAL, PROGRESSIVE, SOCIALIST, MARXIST, COMMUNISTS!!!

OBAMA LIED: PLENTY OF MONEY LEFT TO CONTINUE PAYING SOCIAL SECURITY

http://dailybail.com/home/obama-is-lying-theres-plenty-of-money-to-continue-paying-soc.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheDailyBail+%28The+Daily+Bail%29

OBAMA THE DICTATOR SPEAKS...USES SOCIAL SECURITY TO STRIKE FEAR INTO CONGRESS AND US. WHEN IS CONGRESS GOING TO ARREST THIS GANGSTER/DICTATOR?

http://www.cbsnews.com/8301-503544_162-20078789-503544.html#comments

SLIMEBALL OBAMA, THE IMPEACHABLE, PUTS SOCIAL SECURITY AND MEDICARE ON TABLE IN EXCHANGE FOR TAX INCREASE

http://patriotupdate.com/9189/obama-puts-medicare-social-security-cuts-on-the-table-in-exchange-for-tax-increases

TIME FOR EVERYONE WITH EVEN ONE GRAY HAIR TO CALL THIS NUMBER, STORM THE BASTILLE IN AN AVALANCHE OF CALLS, EMAILS AND FAXES.

TOLL FREE TO CONGRESS: 1-877-851-6437

TIME TO IMPEACH OBAMA WITH ALL HASTE!

SOCIAL SECURITY "PROBLEM" DOESN'T EXIST?

http://www.moneynews.com/StreetTalk/Economist-Dean-Baker-Social/2011/07/05/id/402556?s=al&promo_code=C8F6-1

You don't think our government is keeping something from us, do you?

AARP FLIPS: AGREES ON SOCIAL SECURITY CUTS

http://www.newsmax.com/Newsfront/AARP-socialsecurity-cuts-benefits/2011/06/17/id/400411?s=al&promo_code=C759-1

They are also anti-Second Amendment and this is why I have nothing to do with them.

RED ALERT ON SOCIAL SECURITY - OR RATHER, SOCIAL INSECURITY

If you live in the United States, please share this article. It's by Robert Dokken, an investment counselor in Panama City, FL, and it appeared in the local paper, the Panama City News Herald yesterday. If you pooh-pooh the information swirling around about the end of Social Security, or aren't informed about the future of Social Security because you don't think it will ever end, you'd better read this.

It won't run out in 2037. It's almost done for now. Actually, there's nothing in its till.

So I ask you to call your Congressmen in both houses at 1-877-851-6437, because you need to force them to keep this fund solvent until those who have paid into it are assured of payment until they die.



http://www.epaperedition.com/Olive/ODE/Panama/LandingPage/LandingPage.aspx?href=TmV3c0hlcmFsZC8yMDExLzAyLzA2&pageno=Mzg.&entity=QXIwMzgwMg..&view=ZW50aXR5

SOCIAL SECURITY ON THE ROPES - OLD GEEZERS AND NEWLY RETIREDS - UNITE!

http://apnews.myway.com/article/20110127/D9L0BDUG0.html

It's been shaky for years. Now in Obamaland, it will be sent for a death panel interview, and then the plug will be pulled, I heard today on the news, by 2037.

Baby boomers, this means you. Yes, you, with your house in foreclosure, with your children in school. All that money you paid in you will not see in your lifetime.

Kumbaya time is over.

It's time to join us old geezers for positive change - the emergence of our Constitutional Republic!

ALLEN SIMPSON UNDER FIRE FOR SOCIAL SECURITY REMARKS

http://money.cnn.com/2010/08/25/news/economy/alan_simpson_fiscal_commission/index.htm

SOCIAL SECURITY IN THE RED FOR THE FIRST TIME EVER - THANK YOU BARRY SOETORO - FRAUD-IN-CHIEF

http://www.washingtontimes.com/news/2010/aug/5/social-security-red-first-time-ever/

OK, you retirees, and boomers. We are in deep shit. No way around this one.

Are you going to impeach this piece of crap and his czars now? Lots of Democrats are going to be swinging with us.

You need to talk to them.

Bring Michelle Obama back now. They can't go on any vacations until he fixes Social Security.

Wait till the next post...Putin and wheat...You'll be as sick to your stomach (after Kagan) as I am.

Sen. Alan Simpson on Social Security - a video (gasp) from MoveOn.

File this baby in the Scary Shit file.

Lesser People from MoveOn.org Official Channel on Vimeo.