Posted on 06/04/2012 2:28:44 PM PDT by prplhze2000
SS released its annual report. Financial condition of SS is getting worse as years to financial exhaustion shortens from 2036 to 2033 (2036 was in last year's report).
Meanwhile the Democrats say there is a $2.5 trillion surplus and there is nothing to worry about.
SHOW ME THE MONEY ! ! !
Of course, seniors didn't get COLA for two years either.
Well both the Dope in the White House and The REPUBLICANS in Congress keep telling us the MIDDLE CLASS tax cut is Good for the Economy,it may be, but that money was supposed to be going into Social Security,that is the ONLY funding for Social Security,so why the Hell is it such a Surprise that it is going Broke faster than it was last year its funding has been cut for 3 years now by the BILLIONS of dollars,what a Buch of Freakin MORONS
Only a pathological liar would clam that 2.5 trillion in Treasury IOU's are a surplus !
What's worse is that the Republicans have been utterly silent about this !
All the money is in the lock box, AlGore said so. There is going to be massive global warming where that guy is headed.
Ignored is the fact that since the Federal government has no money with which to redeem those $2.5 trillion in bonds, every dollar of Social Security Trust Fund redeemed by the Social Security Administration is a dollar that then goes onto the national debt.
Ripping off Social Security contributions for the past few years, because the pussies in Congress can’t control taxes and spending with a Marxist dictator in charge, has consequences.
Any semblance of linking Social Security funding to Retirement funding was weakened as this revenue source became general funding with a non-lockbox IOU during previous RAT administrations.
Ripping off Social Security contributions for the past few years, because the pussies in Congress can’t control taxes and spending with a Marxist dictator in charge, has consequences.
Any semblance of linking Social Security funding to Retirement funding was weakened as this revenue source became general funding with a non-lockbox IOU during previous RAT administrations.
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