Showing posts with label Social Security. Show all posts
Showing posts with label Social Security. Show all posts

Sunday, August 21, 2011

Quickly approaching a wall...

With income equality at an all time high Social Security is feeling the strain.  I'm kind of glad the GOP is the party that gets to tell grandma they want to pull the plug on her.

HP:


WASHINGTON — Laid-off workers and aging baby boomers are flooding Social Security's disability program with benefit claims, pushing the financially strapped system toward the brink of insolvency.
Applications are up nearly 50 percent over a decade ago as people with disabilities lose their jobs and can't find new ones in an economy that has shed nearly 7 million jobs.
The stampede for benefits is adding to a growing backlog of applicants – many wait two years or more before their cases are resolved – and worsening the financial problems of a program that's been running in the red for years.
New congressional estimates say the trust fund that supports Social Security disability will run out of money by 2017, leaving the program unable to pay full benefits, unless Congress acts. About two decades later, Social Security's much larger retirement fund is projected to run dry as well.
Much of the focus in Washington has been on fixing Social Security's retirement system. Proposals range from raising the retirement age to means-testing benefits for wealthy retirees. But the disability system is in much worse shape and its problems defy easy solutions.
The trustees who oversee Social Security are urging Congress to shore up the disability system by reallocating money from the retirement program, just as lawmakers did in 1994. That would provide only short-term relief at the expense of weakening the retirement program.
Claims for disability benefits typically increase in a bad economy because many disabled people get laid off and can't find a new job. This year, about 3.3 million people are expected to apply for federal disability benefits. That's 700,000 more than in 2008 and 1 million more than a decade ago.

Tuesday, March 8, 2011

Ignorance at best, thought control at worst

There's another approach to this; RAISE TAXES ON THE WEALTHIEST!

Keep fighting for the richest people Republican Party.  Watch Americans jump ship on you in hordes.


Thursday, January 27, 2011

Senator Mitch McConnell And His Pals Stole $2.5 Trillion Of Our Social Security Money

Yup it's true. $2.5 or $2.6, depending on who's counting, Trillion of our Social Security money is gone. Senator Mitch McConnell and his pals have spent it. All $2.5/$2.6 Trillion of it and gave us a IOU. That worked OK as long as there was more money coming into Social Security than going out. But now when there's less coming into Social Security than going out and the IOU's are due Senator Mitch McConnell and his pals worried about the solvency of Social Security. Really? It's sock it to Grandma time.


Yes there's a problem with Social Security funding and the problem can be put right at the feet of Senator Mitch McConnell and his pals. It's nothing more than a shake down. Let me give you an example as to how I see this: Let's say you go to work and your boss picks up a baseball bat, beats one of your fellow employee's unconscious and then fires the employee for being unconscious on the job. Are you getting the picture? Folks like Mitch McConnell create these problems and then blame us and make us pay. Thugs....

Senator Mitch McConnell and his pals, both Democrat and Republican, have used our Social Security money to invade Iraq, subsidize the oil companies and other corporations, give their rich pals huge tax cuts, ear marks for their rich constituents, farm subsidies for rich farmers, pensions for Congressional crooks and let's don't forget the Afghanistan war and all of the Afghanistan crooks we're subsidizing over there. How would you like to have a suit case filled with $52 million? Well that's what we give Afghan Vice-President Ahmad Zia Masood! I could go on forever here. Feel free to add to this list in the comment section.

Senator Mitch McConnell and his pals have accused American workers of bad hygiene, poor punctuality, in need of need anger-management and conflict-resolution skills, and lacking the skills necessary to perform and compete while creating a climate to outsource, ship our jobs overseas and decimate America's manufacturing base and all the while they were stealing our Social Security money. Remember the boss and the baseball bat?

It really bothers me that Communism is having to fund my Social Security check, but it's also very enlightening. It appears the Chinese Communist government is out performing our Capitalist system and it could be they, the Chinese, know how to deal with crooked politicians.