Friday, May 15, 2009

About That Social Security Shortfall:

FROM STAYING ALIVE:

Geithner reveals report on fiscal health of entitlement programs.

Estimate: Social Security trustfund exhausted 4 years sooner than last year's forecast.

The recession has taken its toll on Social Security. The officials who oversee the program forecast Tuesday that the Social Security trust fund will be exhausted by 2037 -- four years earlier than estimated last year.

I do not know why this paragraph is even in the story. The recession has wounded the social security fund! The lie of the year! When I see this I see red and want to start smashing things. Then we go to the next paragraph.

The trust fund reflects a $2.4 trillion surplus paid into Social Security over 20 years that Uncle Sam has borrowed, spent and promised to pay back. Trust fund exhaustion represents the point at which only 76% of benefits could be paid out.

The federal government borrowed? How much interest did they promise to pay and when was the debt supposed to be paid off. Surely the time of paying off the debt would be in time to rescue the fund and take care of the recipients. To arrange it any other way would be a crime against the people of this country. And I mean those very words. Could you imagine the criminal mind of anyone who robbed the very citizens of this country of their pension money? Talk about a criminal deviant mind! And the whole idea of this precious money being loaned out has me in a rage. WHO LOANED IT?! What is the motherfuckers name and where does he live? Who authorized him to do the transaction? Where is the congressional authority to do such a thing? I did some research and found out that this financial mayhem was instituted by punk-ass RONALD REAGAN. You remember Reagan, I'm sure. He is the guy who outspent the Russians and won the cold war. He is the guy who started taking OUR retirement funds and not paying them back. He got a pension for being president that would astonish most folks. Somewhere between 500 and a 1000 times greater than any pitiful Social Security that we might have earned if they left our money alone.

I couldn't have said it better myself, hence my copying this guy! FUKKEN PISSES ME OFF BIG TIME. Hope he don't mind me snitching it and linking back to him. This is big-time important shit.

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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.