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The Big social security lie!

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Post by rick152 Sat Jun 16, 2012 12:36 am

For several years the Big social security lie has been that it is broke. Or going to be by (insert year here) Thiss has people all up in arms and rightly so if that was true.

The truth is that the Fereral government has FORCED the SSI administration to "loan" the entire trust fund to the congress and senate to fund their pet projects. Most of which are only to allow these theives to pat themselves on thwe back and say LOOK AT ME. Just like the Guru's on these dinar sites "LOOK AT ME lol. What a joke.

Currently The United States Congress and Senate throught their pilfering of this trust fund alone owes SSI somewhere in the neighborhood of a Trillion dollars. The same is also true for the Highway trust fund and the medicare system.

Three years ago the AP produced an article simular to this one below and I called Washington offices for the AP and called them liars for even printing these lies. So here we go again, this time, it's U.S.News and World Reports printing lies.

This article comes from Yahoo news and U.S.News and World Reports. Any one care to join me in calling them this time? What do you have to say about these thefts going on in Washiongton continuing as we speak?

Get Ready for the Coming Social Security Fight

The Big social security lie! Usnews-106x27_183722

That crashing sound you hear is the sickening thud of the nation's
pensions hitting the brick wall of financial reality. After years of
being warned about making financial promises
we cannot afford, private and public pension systems are cutting
benefits across the country. Employees are being asked to shoulder more
of their own retirement load. Retiree healthcare help is becoming a
relic of earlier times when unions had serious workplace clout.


Ford and GM are making very visible efforts to control pension expenses by offering lump-sum buyouts.
Voters in San Diego and San Jose, Calif., this week acted to actually
cut retirement benefits. Wisconsin voters may not have wildly cheered
Republic Governor Scott Walker's curbs on union rights. But they
understand the financial times we live in, and clearly felt (aided by
enormous recall campaign contributions from conservative groups) his
actions did not justify his recall.


What we're seeing is, unfortunately, the early edge of a wave of
fiscal reckoning that is unavoidable. Even before the recession,
promised pension and healthcare benefits for retirees were widely judged
to be beyond the means of many companies as well as state and local
governments. Today, with an anemic economic recovery, the situation has
gotten worse.


Washington gridlock continues to prevent serious attention to rising
deficits and unsustainable healthcare benefits. How long our nation's
leaders can continue to kick this can down the road is one of the major
parlor games inside the Washington Beltway. Outside the Beltway,
however, reality has already come calling.


Current and future retirees are well-advised to learn how to further
tighten their belts, but that's hardly a new reality. There is little
prospect for making things better on the pension front.


The story is much different on the federal level. With income from
pensions and private investments under long-term pressure, the
traditional three-legged retirement stool is being supported mostly by
the single leg that we know of as Social Security.


During the recession, Social Security held up its end of the deal
and then some. Its payments did not falter and, despite a lot of
unfounded rhetoric to the contrary, its long-term financial position has
not been greatly compromised during these very difficult past five
years.


Two years ago, the nation seemed close to doing something meaningful
about its decaying fiscal situation. The National Commission on Fiscal
Responsibility and Reform, appointed by President Obama, put together a
sobering but widely respected budget reform
blueprint for getting the nation back on track. The plan went nowhere,
of course, and the moment was lost amidst the increasingly strident
ideological rants that have become our lamentable excuse for national
leadership.


The Commission's plan included significant changes to Social
Security. Most fiscal experts did not think then and do not think now
that Social Security's financial pressures are a major cause of our
national fiscal distress. That honor clearly goes to healthcare. The
mounting deficits of the Medicare and Medicaid programs dwarf any
problems with Social Security.


Still, fixing Social Security was seen as a modest way to chalk up a
win for fiscal reform. If we could restore its long-term financial
balance, it was thought, we just might be able to pave the way for the
much tougher issues involving healthcare and tax policy.


If those Fiscal Commission proposals had come up for a vote, it's
likely we would have already agreed to raise the retirement age, reduce
the size of automatic cost-of-living increases to Social Security
benefits, raise the ceiling on annual earnings subject to the program's
payroll tax, and perhaps even reduce Social Security benefits for
wealthy Americans.


Today, making such adjustments seems unlikely or an event that will
happen only after a scorched-earth defense by a large number of senior
and social-policy groups and lobbies. If we paid lip service to the
importance of Social Security before, events in recent years have
greatly increased the recognition of how important the program is to the
retirement well-being of not just some, but most older Americans.


AARP has launched an advocacy campaign to protect Social Security and Medicare benefits called You've Earned a Say.
Don't expect a totally level playing field when AARP talks about Social
Security. But it knows its 37 million members include people of all
political stripes. It is more likely to take a straight line here than
are more extreme groups.


The organization has just commissioned liberal and conservative experts to analyze a dozen proposals to change Social Security:


1. Raise the full retirement age


2. Longevity indexing


3. Recalculate the COLA (cost of living adjustment)


4. Increase the payroll tax cap


5. Eliminate the payroll tax cap


6. Reduce benefits for higher earners


7. Increase the payroll tax rate


8. Tax all salary reduction plans


9. Cover new state and local government workers


10. Benefit improvements


11. Increase the years used to calculate initial benefits


12. Begin means-testing Social Security benefits


With national elections less than five months away, it is incumbent
on older voters to know where their candidates stand on these possible
Social Security changes. Press them for detailed proposals and not just
bromides about supporting our nation's seniors.


http://finance.yahoo.com/news/ready-coming-social-security-fight-152200812.html

*****************
Love understands, Love supports, comforts and, cares for. Love forgives. Love also honors, respects and, believes
so please;
Love each other and yourself ...rick152
rick152
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Post by rick152 Sat Jun 16, 2012 12:43 am

BTW in case you are interested, These looted funds (trillions of dollars) from the highway, medicare and SSI trust funds have been handed I.O.U's in place of all that money. I.O.U's from the Congress and Senate, Facts people Straight facts.

*****************
Love understands, Love supports, comforts and, cares for. Love forgives. Love also honors, respects and, believes
so please;
Love each other and yourself ...rick152
rick152
rick152
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Posts : 2574
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Location : Eastern Ohio

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Post by Kevind53 Sat Jun 16, 2012 1:43 pm

Agreed, in fact that's how Slick Willie "reduced" the budget and achieved the much vaunted surplus used to beat all opposition over the head. He simply took more from SS than any prior president. Spending never dropped, it went up each year, they just raped the retirees.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

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