Social Security empty?

Remember when Bush wanted to reform Social Security and Democrats insisted that it was solvent for at least the next 15 years? PBS reports that the surplus has all but vanished, and we may be too late for painless reform, or even salvage.

Category:

News & Politics

Tags:

• Social Security
• Obama
• Congress
• Democrats
• budget

[redviper2GAMER]

@MAINEPREPPER Reform is what is needed yes bush asked. Benefits should be reviewed. If disability you can only live from what you get. The VA benefits are still SSD income some no brainers call Welfare. I receive SSD/DSI, my doctor applied using SSI legal assistance to protect him/ me as many threats, the company paid over $18million in medical expenses to SSI/SSD and every dollar I receive they pay no matter what. Some receive for no reason but then again somebody pays big!

[mtoasty]

@MAINEPREPPER I know a ponzi scheme when I see one and SS is. Funny how you blame Bush and Reagan for taking SS funds, a practice that started with LBJ in the 1960's and has continued with every administration since. TO blame only the GOP Presidents is laughable and shows your partisan falsehoods.

[redviper2GAMER]

@MAINEPREPPER

Really. So who pays taxes? If GE tax deducts everything, and so does Mcdonalds, as you know the little bitty worker uses a w2 form ans most are on welfare that apply so who is the tax payer that gives U.S. dollars. Did you hear, when Russia, Germany and Asia was strong they loaned U.S. Big dollars. Who the H E**L going to pay it and with what tax as even the clothing on his backTrump talks of politics tax deducted the whole thing. Snyder the Mich. Govener who deducted GateWay

[MAINEPREPPER]

@dontliethetruth Precise and accurate! Add President Obama to the list.

[MAINEPREPPER]

@dontliethetruth Excellent points and good post. Not only will the affluent opt out of this but if you let people pick and choose which programs and services they want, they will opt to not pay for anything whatsoever. They will come up with lunacy like "privatization" which is a euphemism for let someone else pay for it or hand the money to Wall Street lol!

[MAINEPREPPER]

@PamelaRP I see, so because you are suffering, everybody else has to suffer also? My mom is 81 and in a wheelchair; I guess we can push her down to WalMart and she can be a greeter? Never mind that she paid into SS with the promise of retirement, no, we need to make her suffer because you have to suffer. Enjoy your Tea Party rally.

[MAINEPREPPER]

@n5ifi That definitely needs to be rescinded; Social Security and its funds need to be left alone for their intended purposes. 

[MAINEPREPPER]

@mtoasty It's not a Ponzi Scheme; you need to read what a Ponzi scheme is. It can, will and does pay out to ALL who pay in and then some. Social Security created a surplus when the administrators tracked the demographics, adjusted he SS payments upward and reserved it for the future when they anticipated more recipients than payees. Unfortunately Reagan and Bush stole the money and gave it to the upper 1% in tax cuts. Time to pay it back and the upper 1% are fighting hard against it.

[MAINEPREPPER]

@redviper2GAMER GE got $4 Billion in corporate welfare. That's where the money is going, not these little imaginary anecdotes you come up with. The recession has created a temporary condition and it is being used by the upper 1% to eliminate programs which they hate. If we eliminate SS, the upper 1% will see a 6.5% surplus on their bottom line. That is why they want to rob the rest of us of our meager retirement.

[MAINEPREPPER]

@CrustyCurmudgeon Ummm, he's lying?