Posted on 01/06/2010 10:48:39 AM PST by blam
Year of Birth | Full Retirement Age |
1937 or earlier | 65 |
1938 | 65 and 2 months |
1939 | 65 and 4 months |
1940 | 65 and 6 months |
1941 | 65 and 8 months |
1942 | 65 and 10 months |
1943-1954 | 66 |
1955 | 66 and 2 months |
1956 | 66 and 4 months |
1957 | 66 and 6 months |
1958 | 66 and 8 months |
1959 | 66 and 10 months |
1960 or later | 6 |
What's this guy shooting up?
Of course its a Ponzi scheme, but its not technically bankrupt since they haven't written down the IOU's to their real value yet.
Truth beknown, COngress fraked up the fund.
We’re not broke...hell no....we’ve got US Treasury IOUs !!!!! this is absolutely effing hilarious that someone could purport that IOUs from the US Treasury (all 2.5 umpty Trillion of them) are the SAME thing as a cash fund of money CONFISCATED from working Americans in payment for a pension - some day......If I were with this person face-to-face, I’d punch his ever loving daylights out.
[...sitting on $2.5 Trillion of US Treasury IOUs...]
So basically he is saying, we aren’t broke, because someone owes us something! Heck, we can forget all bankruptcy rulings - you have an IOU, then go back to work!
Someone please explain to this maroon that “I ain’t broke because I still have checks” was an old joke in the 1980’s!!!
LOL. That is supposed to be reassuring? Do they keep the IOU's in a lock box too?
On December 31st they were sitting on $2.5 Trillion of US Treasury IOUs.
Even better one!!!!! Unable to sell Treasuries so Fed is purchasing 47% of them. "Others" (?) are buying a big chunk and a bunch of what "foreigners" are buying are being bought back by the Fed within 10 days of the initial "sale." AND they plan to cash in these Treasuries that SS holds. Toilet paper... BWAHHHHHHHHHAAAAAAAAHA!
[Toilet paper... ]
Actually, toilet paper has some useful value! Heck, you can’t wipe with those IOU’s!!!!
No I haven't, thanks.
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