This is what democrats knew would happen. This is what lazy Americans voted for. Big deal, NOT!

Social Security already running red; Update: Going bad faster than trustees admit
The big story for the day will probably be the new report that Social Security will start running in the red in 2016. The stories will include talk of a “trust……

And, if they form up, will they advertise on the internet for skills they need?

I would figure doctors and nurses will be in high demand for any militia, along with people who know firearms, farming, hunting, food preparation. And don’t leave out the chaplains.

If everything goes to hell, you need to join a gang for protection.

I’m not too far from Kentucky. Names anyone?

Kentucky Longrifles
Louisville Sluggers
Frankfurt Fighters

The MMO gaming ideas boggle the mind.

I’m shocked! Wow, I guess George Bush left us in a bigger mess than even Obama thought. One more horrible thing The Great Leader inherited.

JeffinOrlando on May 13, 2009 at 8:57 AM

It’s O-man’s problem now.

Carter II

Odd… I thought the Dems said social security was fine.

I mean Honest Al Franken talked about how little of an issue it was in his 2005 book and how easy it would be to fix. You mean to tell me he was being dishonest? GASP I’m shocked. (Ok, not really but it did take me about an hour to find out what those figures he was talking about meant and how he was BS’ing about it and that’s more effort than most people would put in.)

Obama’s policies are poisoning the economy even faster than expected. The basics of all the problems are, of course, that Obama is spending far, far more than he is taking in. And he will of course raise taxes, but that……

well, guess what, we didn’t, and it did!!!!!

This became an issue in the 2000 presidential election, when Al Gore talked about a “lockbox” to keep Congress out of the surpluses.

I found that hilarious, it would have been like locking up your credit card bills because it represents money you once had (which incidentally wasn’t even yours to begin with).

Take all the state and other government worker pension funds and put them into FICA and Medicare. If FICA and Medicare are such good deals for the commoners who employ these people, then why shouldn’t they participate too?

Maybe cops, firefighters and military should be excluded, since they can be asked to do very risky things a Chuckie Schumer or a desk drone in HUD never will be, but why should a one-term Senator retire at full salary and medical for life…or even a long term Senator?

Given where they have taken us, elected officials in DC, with a few exceptions, should forfeit their pensions. Pelosi and Feinstein don’t need them, for sure. Bama will need his unless he continues with political fakery. He couldn’t get a real job.

It makes no sense to raise taxes higher than current costs because the excess will just be spent on other programs while more IOUs will pile up in the “trust fund”.

Currently, almost $5.3 trillion of our national debt is comprised of various non-existent “trust funds”.

And lifting the salary cap would raise more in taxes than would be offset by higher benefits. If you made an extra $35,000, you and your employer would pay almost an additional $5,000 combine and the corresponding benefit payable at retirement, whether 65 or 67 depending on your birth year, would be a mere $150 per year. Of course, that $5,000 would have been spent long before you start collecting benefits.

Short version (which is only going to mask the problem a short while) – expenditures are on a more-or-less constant rising curve while receipts are anything but regular. Between those of us who pay quarterly estimated taxes rather than pay via withholding, a quarterly application of the taxes on benefits, and a semi-annual (mis-)application of the interest on the bonds that represent the “trust fund” (which promptly gets kicked back to the Treasury in exchange for even more bonds and thus actually represents an unfunded liability rather than an asset), the high-water months see 50% more real income (and 100% more when the interest is mis-applied) than the low-water months.

The bad news is the money games are about to start failing.