Raising Up A Standard

US GOVERNMENT CONTINUES TO LIE & STEAL FROM THE AMERICAN PEOPLE! WHEN WILL THE PEOPLE RISE UP?

Social Security Deficits Now Permanent:

by Vision To America

SS-broke

 

 

Social Security will run a permanent yearly deficit when looking at the program’s tax revenues compared to what it must pay out in benefits, the program’s trustees said Friday in a report that found both the outlook for Social Securityand Medicare, the two major federal social safety-net programs, have worsened over the last year.

 

Medicare’s hospital insurance trust fund is now slated to run out of money in 2024, or five years earlier than last year’s projection, while Social Security’s trust fund will be exhausted by 2036, a year earlier than the prior projection.

 

The trustees stressed that exhaustion of the trust funds doesn’t mean the programs will stop paying all benefits.Social Security could fund about three-fourths of benefits past 2036, and Medicare could pay 90 percent of benefits past 2024 under current trends.

 

The figures come as Congress and President Obama are wrestling over whether to make major changes to the entitlement spending, and Republicans said the new projections should force the debate to turn in their direction.

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Comment by Raising Up A Standard on May 15, 2011 at 6:27am

This is sooooooooooooooo misleading....there is no funds...only IOU's from our own government!! The government borrowed the surplus when Bush was in office and reported this on their own government website for all to read and the government are so in debt to the Social Security funds that they can never repay it!  

 

This administration and others keep stealing from the hard working American people and we just keep letting them...not one conservative has addressed the right thing to do regarding this...many of us paid into this all our lives now they want to pretend this "rape" of our funds never happened!  

 

When will the righteous leadership, if there is but one raise up a standard and stop this rape and theft of our money?  

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