Social Security
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Thread: Social Security

  1. #1

    Social Security

    From Michael Barone:

    Social Security tax receipts for the first half of 2010: $346.9 billion; Social Security benefits payments for the same period: $347.3 billion. Before this year, projections have always been that Social Security wouldn’t cross that line into negative cash flow for five years or so. Now it’s a reality. Congress has been spending Social Security’s positive cash flow for years. Now there’s no positive cash flow to spend.

    To see how the negative trend has accelerated, consider the same figures for the first half of 2009: Social Security tax receipts were $366.0 billion and Social Security benefits payments were $334.3 billion. A positive cash flow of $31.7 billion has disappeared in the course of just 12 months. Scary

    Here we go...

    I'm sure someone on this site will claim either: a) that these are numbers and not facts, or b) that I'm a fear-mongering, conspiracy theorist.
    Prov. 27:3 - "Stone is heavy and sand a burden, but provocation by a fool is heavier than both"

  2.   
  3. #2
    Well, JJ, so much for the accurancy of government "projections". Is anyone REALLY surprised? Where is the sanity, solid planning and sincere concern in D.C. ? Lunatics are running our country!
    Conservative Wife & Mom -- I'm a Conservative Christian-American with dual citizenship...the Kingdom of God is my 1st home and the U.S.A. is my 2nd.

  4. #3
    Join Date
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    Location
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    There will be a large bow wave of baby boomers starting to collect this decade.

  5. #4
    Quote Originally Posted by JJFlash View Post
    From Michael Barone:

    Social Security tax receipts for the first half of 2010: $346.9 billion; Social Security benefits payments for the same period: $347.3 billion. Before this year, projections have always been that Social Security wouldn’t cross that line into negative cash flow for five years or so. Now it’s a reality. Congress has been spending Social Security’s positive cash flow for years. Now there’s no positive cash flow to spend.

    To see how the negative trend has accelerated, consider the same figures for the first half of 2009: Social Security tax receipts were $366.0 billion and Social Security benefits payments were $334.3 billion. A positive cash flow of $31.7 billion has disappeared in the course of just 12 months. Scary

    Here we go...

    I'm sure someone on this site will claim either: a) that these are numbers and not facts, or b) that I'm a fear-mongering, conspiracy theorist.
    I am sure some of the ostriches will pull their head out of the sand long enough to tell you that.
    By faith Noah,being warned of God of things not seen as yet, moved with fear,prepared an ark to the saving of his house;by the which he condemned the world,and became heir of the righteousness which is by faith Heb.11:7

  6. #5
    I just got a letter Saturday in the mail from the Social Security Administration wanting to know if I was still disabled
    Filled out the form under of penalty of incarceration and fines if I gave false statements. I think they are trying to weed out those in need and those indeed. I assured them that I still have no tail bone, fused spine in 3 places,degenerative disks, legs that don't work much anymore without use of cane or wheelchair, etc... I think they should call the notes due and payable NOW, and then see how much they have left to spend on sending our kids overseas to die in a war that should have ended long ago. Or to bailout all the thieves on Wall Street, Auto industry, Banking, and Illegals. Great post JJ it is about time someone other than me realized what the Government has been doing all these years!

  7. #6
    JSDinTexas Guest
    Don't worry. We will all get our money, they can print it as fast as they need to.

  8. #7
    Quote Originally Posted by THE DUKE OF ESSEX View Post
    I just got a letter Saturday in the mail from the Social Security Administration wanting to know if I was still disabled
    Filled out the form under of penalty of incarceration and fines if I gave false statements. I think they are trying to weed out those in need and those indeed. I assured them that I still have no tail bone, fused spine in 3 places,degenerative disks, legs that don't work much anymore without use of cane or wheelchair, etc... I think they should call the notes due and payable NOW, and then see how much they have left to spend on sending our kids overseas to die in a war that should have ended long ago. Or to bailout all the thieves on Wall Street, Auto industry, Banking, and Illegals. Great post JJ it is about time someone other than me realized what the Government has been doing all these years!
    Rest assured, Duke, that many of us have been tracking the Social Security thievery for a looong time. Good luck with your ongoing battle with SSA.
    Prov. 27:3 - "Stone is heavy and sand a burden, but provocation by a fool is heavier than both"

  9. #8
    Quote Originally Posted by JJFlash View Post
    Rest assured, Duke, that many of us have been tracking the Social Security thievery for a looong time. Good luck with your ongoing battle with SSA.
    +1 on everything Flash said, Duke. Keep on keeping on and God bless you REAL GOOD!
    Conservative Wife & Mom -- I'm a Conservative Christian-American with dual citizenship...the Kingdom of God is my 1st home and the U.S.A. is my 2nd.

  10. #9
    Thanks JJ, and Mom, I know you understand what I am talking about. Sometimes it is good to know there are others like me, who are watching the money trail. Amazing how it always ends up in the hands of the politicians. More raises for them, now C.O.L.A. for us! (AND I'M NOT TALKING ABOUT A SOFT DRINK)

  11. #10
    Join Date
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    I posted to this effect before in another thread.

    I wrote a letter to senator Kerry and Kennedy and asked them to send me a form to opt out of the system. "Send me a check for the amount I've paid into the system so far. I'll manage my own money thanks". "I'm tired of being ripped off"..

    The answer: "That's not gonna fix the problems we have now".

    Being taxed with no recourse has become the norm. They take and we get asked for more. The money goes to socialist programs and to balance deficits due to other budget shortfalls which are due to overspending and piss poor money management.

    Perhaps a good old fashioned revolution is what's needed here. Bring the entire thing down to the ground and begin again from the ground up and learn from the mistakes.

    Yea, Yea, Yea... Here I go talking angry again.

    Peace...
    You can give peace a chance alright..

    I'll seek cover in case it goes badly..

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