Can you say triangulation?
- Thread starter Jarod
- Start date
Its shameful how the Democrats continue to scare the seniors about their SS....
Some SS facts.....
The Social Security Trust Fund is projected to grow every year up through 2020 because the interest it collects from the federal government is projected to exceed the program's shortfalls.
At the end of 2020, it is projected that the federal government will owe $3.1 trillion to the Social Security Trust Fund or about $9,000 for every man, woman, and child living in the U.S. at the time.
The above fact does not imply that the federal government will have adequate resources to pay back the Social Security program. Information concerning the ability of the federal government to service this debt is contained in the section: Impact on National Debt
* After 2020, the Social Security Trust Fund is projected to shrink every year until becoming exhausted in 2037.
* After 2037, Social Security is projected to run deficits every year into the foreseeable future. To cover these deficits, it is projected that payroll taxes would need to be increased by 28% starting in 2037
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The fact is, SS is only in trouble because of the idiots borrowing from the SS fund...if the morons would have left is alone, it would be viable.
… Now this legislation will guarantee that from 1980 to the year 2030, the Social Security funds will be sound. In 1977, after nearly three years of Social Security deficits, the 95th Congress passed and Democratic President Jimmy Carter signed a bill that increased Social Security taxes and changed the formula governing benefit increases. Carter termed it "the most important Social Security legislation since the program was established," and at the signing ceremony, he stated:
"… Now this legislation will guarantee that from 1980 to the year 2030, the Social Security funds will be sound."
What bullshit that was.....
* The bill was passed on December 20, 1977, and the Social Security program ran deficits every year for the next four years (not accounting for inflation). Accounting for inflation, the Social Security Trust Fund declined in value every year from 1973 to 1983, at which time, the 98th Congress and Republican President Ronald Reagan increased taxes, raised the retirement age, and made other changes to keep the program solvent.
Reagan saved the system then.......
Under the "2009 American Recovery and Reinvestment Act" (a.k.a., "stimulus"), the Social Security Administration was required to administer the payment of $250 checks to Social Security and Supplemental Security Income beneficiaries. The Social Security Administration identified and certified about 52,000,000 people as eligible for the checks, to whom the U.S. Treasury sent a total of $13,000,000,000.
More Democratic bullshit to cripple and bankrupt the SS system.
A 2010 report by the Inspector General of the Social Security Administration found that 71,688 of these checks (totaling $18,000,000) were sent to people who were deceased and thus ineligible to receive the payments. This included:
• 63,481 people whose deaths had been reported to the Social Security Administration.
• roughly 8,000 dead people who were born before the oldest living person in the United States.
• a deceased person who was born in 1873 and was supposedly 136-years-old.
• a man who had been deceased for 34 years, left the United States before the Social Security Act was passed, and had never participated in the program.
And the liberal bullshit continues....
Disability Payments
* In 2010, the Government Accountability Office released the results of an investigation of federal employees and commercial drivers who were receiving disability benefits administered by the Social Security Administration. The investigators reported that:
• the Social Security Administration does not cross-check disability payments with federal payroll data or Department of Transportation records to prevent improper payments. Instead, the Social Security Administration uses IRS data, which is typically 12 to 18 months old, thus making "some overpayments inevitable."
• across the government, "once fraudulent or improper payments are made, the government is likely to only recover pennies on the dollar."
• roughly 7,000 federal employees received disability benefits in 2008 while also receiving wages from federal jobs. The Government Accountability Office estimated that roughly 1,500 of these individuals "may have improperly received benefits" based upon their wages exceeding maximum income thresholds.
• in 12 selected states, "62,000 individuals received or renewed commercial driver's licenses after the Social Security Administration had determined that these individuals were eligible for full disability benefits. … [E]ach case would require an investigation to determine whether there were fraudulent payments, improper payments, or both."
So when you consider SS as being screwed up and going broke...
consider why and who is to blame......
http://www.justfacts.com/socialsecurity.asp
Some SS facts.....
The Social Security Trust Fund is projected to grow every year up through 2020 because the interest it collects from the federal government is projected to exceed the program's shortfalls.
At the end of 2020, it is projected that the federal government will owe $3.1 trillion to the Social Security Trust Fund or about $9,000 for every man, woman, and child living in the U.S. at the time.
The above fact does not imply that the federal government will have adequate resources to pay back the Social Security program. Information concerning the ability of the federal government to service this debt is contained in the section: Impact on National Debt
* After 2020, the Social Security Trust Fund is projected to shrink every year until becoming exhausted in 2037.
* After 2037, Social Security is projected to run deficits every year into the foreseeable future. To cover these deficits, it is projected that payroll taxes would need to be increased by 28% starting in 2037
-----------------------------------------------------------------------
The fact is, SS is only in trouble because of the idiots borrowing from the SS fund...if the morons would have left is alone, it would be viable.
… Now this legislation will guarantee that from 1980 to the year 2030, the Social Security funds will be sound. In 1977, after nearly three years of Social Security deficits, the 95th Congress passed and Democratic President Jimmy Carter signed a bill that increased Social Security taxes and changed the formula governing benefit increases. Carter termed it "the most important Social Security legislation since the program was established," and at the signing ceremony, he stated:
"… Now this legislation will guarantee that from 1980 to the year 2030, the Social Security funds will be sound."
What bullshit that was.....
* The bill was passed on December 20, 1977, and the Social Security program ran deficits every year for the next four years (not accounting for inflation). Accounting for inflation, the Social Security Trust Fund declined in value every year from 1973 to 1983, at which time, the 98th Congress and Republican President Ronald Reagan increased taxes, raised the retirement age, and made other changes to keep the program solvent.
Reagan saved the system then.......
Under the "2009 American Recovery and Reinvestment Act" (a.k.a., "stimulus"), the Social Security Administration was required to administer the payment of $250 checks to Social Security and Supplemental Security Income beneficiaries. The Social Security Administration identified and certified about 52,000,000 people as eligible for the checks, to whom the U.S. Treasury sent a total of $13,000,000,000.
More Democratic bullshit to cripple and bankrupt the SS system.
A 2010 report by the Inspector General of the Social Security Administration found that 71,688 of these checks (totaling $18,000,000) were sent to people who were deceased and thus ineligible to receive the payments. This included:
• 63,481 people whose deaths had been reported to the Social Security Administration.
• roughly 8,000 dead people who were born before the oldest living person in the United States.
• a deceased person who was born in 1873 and was supposedly 136-years-old.
• a man who had been deceased for 34 years, left the United States before the Social Security Act was passed, and had never participated in the program.
And the liberal bullshit continues....
Disability Payments
* In 2010, the Government Accountability Office released the results of an investigation of federal employees and commercial drivers who were receiving disability benefits administered by the Social Security Administration. The investigators reported that:
• the Social Security Administration does not cross-check disability payments with federal payroll data or Department of Transportation records to prevent improper payments. Instead, the Social Security Administration uses IRS data, which is typically 12 to 18 months old, thus making "some overpayments inevitable."
• across the government, "once fraudulent or improper payments are made, the government is likely to only recover pennies on the dollar."
• roughly 7,000 federal employees received disability benefits in 2008 while also receiving wages from federal jobs. The Government Accountability Office estimated that roughly 1,500 of these individuals "may have improperly received benefits" based upon their wages exceeding maximum income thresholds.
• in 12 selected states, "62,000 individuals received or renewed commercial driver's licenses after the Social Security Administration had determined that these individuals were eligible for full disability benefits. … [E]ach case would require an investigation to determine whether there were fraudulent payments, improper payments, or both."
So when you consider SS as being screwed up and going broke...
consider why and who is to blame......
http://www.justfacts.com/socialsecurity.asp
G
Guns Guns Guns
Guest
It's shameful how Blabo regurgitates GOP talking points without checking to see if they're accurate.