Social Security to start cashing Uncle Sam's IOUs

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Social Security to start cashing Uncle Sam's IOUs

PARKERSBURG, W.Va. – The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.

It's time to start cashing them in.

For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits — billions more each year.

Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more.

http://news.yahoo.com/s/ap/us_social_security_ious

and people want more government programs...
 
Gazpacho, Arts & Cratfs, etc. wha wha whah!!!

:rofl:

__________________

A word to the wise ain't necessary - it's the stupid ones that need the advice.
-Bill Cosby-​
 
Yurt said:
Social Security to start cashing Uncle Sam's IOUs

PARKERSBURG, W.Va. – The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.

It's time to start cashing them in.

For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits — billions more each year.

Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more.

http://news.yahoo.com/s/ap/us_social_security_ious

and people want more government programs...
Click to expand...

Absolutely. We need universal healthcare. If you don't want UHC, you shouldn't be allowed to vote.
 
Yurt said:
Social Security to start cashing Uncle Sam's IOUs

PARKERSBURG, W.Va. – The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.

It's time to start cashing them in.

For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits — billions more each year.

Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more.

http://news.yahoo.com/s/ap/us_social_security_ious

and people want more government programs...
Click to expand...

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POCKETING LESS
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the time that all previous and current politicians dreaded has arrived

and we are up a creek :(

and well and truly shafted

oh well - prepare for some major inflation

if there was ever a time to take over health care it is now - the nation cannot afford for profit health care

now me, i am going to buy a Maybach 62 S while i can afford one
 
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