Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Republicans now want to end Social Security and Unemployment Benefits so they can grab those Billions... add to that... They want to shut down public schools so they can privatize the school system...
In other words, steal all the public sector money and privatize everything...
What billions do you speak of..SS is projected to have a $41 billion DEFICIT this year.
What billions do you speak of..SS is projected to have a $41 billion DEFICIT this year.
He's talking about liberal billionaires... the ones pushing government to steal them some more money... the conservative billionaires are pushing government to leave Americans alone and stop the stealing...
Any month there is a surplus it gets moved over to the general fund and replaced with Treasury IOU's.
Any month there is a deficit it is borrowed from the Treasury.
Any month there is a surplus it gets moved over to the general fund and replaced with Treasury IOU's.
Any month there is a deficit it is borrowed from the Treasury.
Any month there is a surplus it gets moved over to the general fund and replaced with Treasury IOU's.
Any month there is a deficit it is borrowed from the Treasury.
Barry Obama is the biggest joke and disaster ever unleashed on the free world in the history of mankind. Anyone dumb enough to vote or support him deserves what they get. Welcome to the wonderful world of unemployment and welfare checks...
Barry Obama is the biggest joke and disaster ever unleashed on the free world in the history of mankind. Anyone dumb enough to vote or support him deserves what they get. Welcome to the wonderful world of unemployment and welfare checks...
You must be another brainwashed Teabagger... If anybody is on Unemployment and welfare it's thanks to George Bush...
Assets grew from about $47 billion at the end of December 1986 to about $2,604 billion ($2.6 trillion) by the end of June 2010.
No wonder the Republicans want to privatize Social Security... That's a lot of bank...
You don't seem to understand that SS encompasses numerous programs.
Quote:
What is the Short-Range Outlook (2010-19) for the Trust Funds? For the short range, the adequacy of the OASI, DI, and HI Trust Funds is measured by comparing their assets at the beginning of a year to projected costs for that year (the “trust fund ratio”). A trust fund ratio of 100 percent or more—that is, assets at least equal to projected costs for a year—is considered a good indicator of a fund’s short-term adequacy. That level of projected assets for any year means that even if expenditures exceed income, the trust fund reserves, combined with annual tax revenues, would be sufficient to pay full benefits for several years, allowing time for legislative action to restore financial adequacy.
By this measure, the OASI Trust Fund is financially adequate throughout the 2010-19 period, but the DI Trust Fund fails the short-range test because its projected trust fund ratio falls to 93 percent by the beginning of 2013, followed by exhaustion of assets in 2018. The HI Trust Fund also does not meet the short-range test of financial adequacy; its projected trust fund ratio falls to 94 percent by the beginning of 2012. In contrast with the 2017 fund exhaustion date reported last year, the ACA is expected to result in much smaller HI deficits for the next several years, followed by small annual surpluses through the remainder of the short-range period, which postpones trust fund exhaustion to 2029. Chart A shows the trust fund ratios through 2040, the expected year of OASI Trust Fund exhaustion, under the intermediate assumptions.
Barry Obama is the biggest joke and disaster ever unleashed on the free world in the history of mankind. Anyone dumb enough to vote or support him deserves what they get. Welcome to the wonderful world of unemployment and welfare checks...
Exactly!!!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
