Archive for the ‘Social Security’ Category
Saturday, September 12th, 2009
It appears Social Security may be going negative, that is, bankrupt, quicker than conventionally thought. A fascinating, detailed analysis of the numbers and Social Security itself may go negative – expenditures exceed revenue – in 2009 even faster than the official 2016 and where will the shortfall be made up…higher ...
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Tuesday, June 2nd, 2009
Lindsay Graham another sell out to Statist solutions to financial problem of Social Security. All tax revenues are dependent on the economy, including social security, and it has been the government itself that has “stolen” (to be Biblical about it) the surplus generated by Social Security worker contributions. And now ...
Posted in National Politics, Social Security, Taxes | No Comments »
Sunday, May 17th, 2009
The question. Here we are. And we are in trouble. What do we do?
Fewer people are working, therefore, fewer people contributing to Social Security and it appears that Social Security goes into deficit next year. As I recall, the deficit day had been sometime in 2017 or 2918. Because Social Security ...
Posted in Pension Bomb, Social Security | 2 Comments »
Friday, April 24th, 2009
The government is now reporting that with more Americans out of work and not paying social security taxes, the Social Security Trust Fund could pay out more in benefits than it takes in through taxes in 2010, seven years earlier than expected. Here and here
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Saturday, March 14th, 2009
This is from the sympathetic perspective of a man and wife who receive Social Security benefits and yet, “So why am I worried? Simple. It takes a lot of workers to support us.”
“31,528,000 workers collecting retirement benefits.”
“The average Social Security benefit check is about $1,153 a month. The most ...
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