Skip to comments.Labor Dept. Data: Only 1.75 Full-Time Private Sector Workers Per Social Security Recipient
Posted on 09/12/2011 4:11:50 PM PDT by Nachum
(CNSNews.com) - There were only 1.75 full-time private-sector workers in the United States last year for each person receiving benefits from Social Security, according to data from the Bureau of Labor Statistics and the Social Security board of trustees.
That means that for each husband and wife who worked full-time in the private sector last year there was a Social Security recipient somewhere in the country taking benefits from the federal government.
Most state and local workers are part of the Social Security system and pay Social Security taxes; and, since 1984, all federal workers have been part of the system and pay Social Security taxes. However, unlike private sector workers who pay Social Security taxes with private-sector dollars, government workers pay their payroll taxes out of wages government pays them with tax dollars or with money that was borrowed by government and taxpayers must eventually repay.
(Excerpt) Read more at cnsnews.com ...
The list, ping
Let me know if you would like to be on or off the ping list
You know what? Governor Perry is the ONLY one who has flat out stated that Social Security is a bust! That he called it a “Ponzi-Scheme” is elementary - the truth is it’s busted, broke, and someone had better da@n well be serious about changing the whole system - someone who can challenge our SELF-SERVING, COUNTRY-CLUB ATMOSPHERE MEMBERS of CONGRESS before we’re DONE as a NATION!!!
Talk about creating accounting...
for starters, the feds need to redeem their IOUs that they deposited in the Trust Fund during prior “raids” for cash — to the tune of $2.67 trillion.
That would be a good place to start. Then the Social Security Trust Fund wouldn’t be broke for quite some little while.
— Jane Reinheimer
This is getting ridiculous. Such a topsy-turvy world in which we live where newborns come out already hopelessly indebted to those who were lucky enough to be born before them.
That would be a good place to start. Then the Social Security Trust Fund wouldnt be broke for quite some little while.
That was meant to be sarcasm, right?
You do know that would be the equivalent of you writing yourself a check for a million dollars and then calling yourself a millionaire, don't you?
And the new thing is letting people pay less payroll tax (SS tax). Obama is proposing not collecting 6.2% in this new bill....
"We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." -- Winston Churchill
NO MORE SLUSH FUNDS.
NO MORE LIES.
If a company did this with their pension money, they'd be arrested.
Can somebody explain to me why (young) prisoners get SS checks in Jail, and Illegals get them, many even mailed to them in Mexico? Doesn’t Obumo have something like 17 Social Security numbers? Does that mean he and Moochelle will get 17 checks per month? (Do we know how many SS numbers Ms. Hussein has?)
GM was at either 2.3 to 1or something like that when they were on the road to oblivion...
Yes, more musical chairs on the deck of the Titanic Mr. Obama, more music, Please !!!!
But the thing is it was never set aside. From day one SS was just another income tax and it was paid from the Treasury the same as any other government check or bill.
NO MORE LIES.
Well yes, politicians in their speeches lied, but the actual law was there for any one to read from August 14, 1935 on. There was never any SS fund. No pension account, nothing. Just income taxes in, checks out.
People are angry because they feel duped. But they were only duped because of lack of ambition to read the law for themselves and not just take Cliff notes from politicians.
Most people preferred the lies to the truth anyway. They wanted to believe it was a pension insurance fund set aside just for them.
They didn't want to know it was a welfare check paid out in the same manner as any other government program.
Because if they could convince themselves it wasn't, they could feel like they wouldn't be taking "relief" as it was called in those days.
Then the self-deception was passed down generation to generation until now where it's so deeply ingrained people will get angry if you tell them the truth and will deny it until their dying breath.
Who pays for the IOU’s?
In all fairness, they were told it was being invested in Government bonds. What they weren’t told is that they Government bonds than couldn’t be bought or sold.
But what about the “lock box”? Is it empty? (he said knowing that Al Gore has always been a lying dweeb...)
We know dems and their lies - and this one's a BIG LIE. Right now, liberals are using Social Security to replace welfare in inner cities - they're signing up the usual dependent ones for disability - and creepy liberal lawyers are making a bundle on it. The dependent ones will work for two years and be 'disabled' for the next 60 years. And we'll be paying for it until the system is bankrupt. When there are no funds, those who are faking disabilities will move on to the next scam - and the people who really are disabled will die.
But that doesn't bother a liberal.
They only care about the victim groups who vote for them. The one's they pay off with our money. So we do want the truth - and we want the truth out there. Sadly, the MSM gets their marching orders ( stories fed to them ) from friends on the left side.
Well...THAT’s gonna last a whole lot longer!!
Don’t forget that Social Security also pays “disability” benefits to those who have worked as little as two years in their lifetimes (SSD) and even have not ever worked at all (SSI).
Cut all that out and just focus on the retirees and Social Security will stay solvent long enough to keep the promises made to the retired and soon-to-be-retired.
We forget about all the moochers bankrupting the Social Security system.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.