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An admission that Social Security is bankrupt?

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In an article at https://www.sovereignman.com/trends/congress-proposes-a-chilling-resolution-on-social-security-18193/ , the secretary of the Treasury of the US is saying that Americans "need to prepare" for having no benefits from SS when they retire. Some of us have known this for a long time, but it's significant when the USG admits it openly. Yet US taxpayers are still required to pay into this money pit out of which they will get nothing in return. 

There are no words for the ways in which We the People have been robbed.

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'simon black' is a huckster and was a huckster under his other names. that 'article' states nothing but a spotty history lesson. whether or not ss will fail can be figured out using a calculator by anyone. 

this guy sells fear and when you are scared enough to leave the US, he will gladly take your money to help facilitate the move, that you can do yourself for free. 

and his business is really slipping, since his site was worth $200k+ just 5 years ago and is now worth $8k. 

his 'about' page is pretty funny if you can fill in the blanks. I especially like how he continually states that western bank systems will fail, but then ignores that second and third world nations will fail if western bank system fails. take a step back and see why he has been pushing the same locations as great places to live and invest for years. in fact, the countries he points to have not been good for investors or foreigners for about 15 years. a lot of countries do not allow land ownership to non-citizens.....but he is in those countries poised to take your money and put the property in someone else's name. that is part of his business after all. 

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Everybody knows SS is bankrupt and has been for quite some time. It was a Ponzi scheme from the beginning and is filled with nothing but IOUs. So instead of shooting the messenger, why not focus on the fact that the US treasury is finally saying what it has denied all this time?

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Yeah, I think most of us knew it was coming.
A 20% reduction of SS disability benefits in 2016 and more 2017 and every year after.

Social Security Benefits Will Be Cut In 2017

No matter who wins the White House in 2016, there’s no getting around it: Social Security benefits will be cut starting in 2017.
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The retirement age rose to 66 in two-month increments between 2000 and 2005. Between 2017 and 2022, the retirement age will rise to 67.

In practical terms, workers claiming benefits at age 62 in 2022 and beyond will face a 30% reduction in the annual benefit that they receive throughout their lives. When the retirement age was 65, those claiming benefits at 62 suffered a 20% cut.
 
The cuts are intended to be an actuarially fair trade-off allowing people to get a benefit that’s smaller but runs for more years. (Seniors should be receiving AT LEAST $3,600 month minimum right now – the funds should be returning MORE if not for the ‘feds’ stealing them.)
 
While it may be fair, that doesn’t mean it won’t hurt. If that 30% cut were in place today, it would shrink the available benefit for a $30,000-earner turning 62 down to the poverty level, a bit less than $12,000 a year. That’s hardly enough to ensure income security for members of the working class who live long enough to deplete their savings.

 

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Same greed filled song no matter where it's played. You can't reverse "robin hood", pretty soon you run out of poor to feed the rich. The bloodsuckers aren't content with making the working poor gamble with their retirement money at the stock market casino . Now they want to take from the elderly who paved the way , sacrificed and made it possible for them to be where they are at. The " geniuses " who figured that they could send most of the gnp out of the country and still have enough revenue to operate defy logic. But then again it's not about logic, it's about how to implode the chessboard before we realize there are pieces missing. 

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Just gonna toss this in:

Amnestied Illegals to Get $1.3T in Social Security, Medicare

If implemented, President Barack Obama’s executive actions granting temporary amnesty and federal benefits to nearly 4 million illegal aliens in the United States will end up costing American taxpayers about $1.3 trillion in Social Security and Medicare benefits, and about $20 billion more in retroactive tax credits, according to Robert Rector, senior research fellow for Domestic Policy Studies at the Heritage Foundation.
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“This is a system that is already completely bankrupt, and what the president has done is taken nearly 4 million people with a 10th grade education and given them benefits into that program,” 

http://www.cnsnews.com/news/article/brittany-m-hughes/heritage-amnestied-illegals-get-13t-social-security-medicare

Obama amnesty granted 500,000 Social Security numbers to illegal immigrants

The administration has granted about 541,000 Social Security numbers to illegal immigrants under President Obama’s original 2012 deportation amnesty for Dreamers, officials told Congress in a letter made public Wednesday.
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“This grant transfers jobs, wealth and benefits from marginalized U.S. workers directly to illegal workers,” said Stephen Miller, a spokesman for Mr. Sessions. “One of the most dramatic costs of amnesty — whether legislative or imposed through executive diktat — is the opening of our federal Trust Funds to large numbers of lower-income illegal immigrants.”

http://www.washingtontimes.com/news/2015/apr/15/obama-amnesty-granted-more-500k-ssn/

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And the irony of it all is that the Fed could just print all the money anyone needs, to the point where it's pointless to collect taxes in the first place.

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The parts you never hear in the media propaganda are all the people dying before retirement age more & more, and all that money being kept by the gov't, none of it goes to surviving family "unless" they are deemed incapable of taking care of themselves, mentally handicapped basically, then they get a monthly amount from a deceased parent's SS.   Otherwise it's oh well, too bad so sad you died just before retirement from many cancers we suppress cures for & just add more things to the system that cause cancers.

Does anyone REALLY believe we are "living longer" than ever before? LOL.... prove it.  Every single person I know has a family member who has or had a cancer, or an extended family member who has/had it.  20-30 years ago, cancer was fairly rare & mostly were the elderly with it, now it's just accepted to have a 1 in 2 chance of getting cancer & dying younger because the medical insurance companies only pay for treatments practically guaranteed to kill you off and never pay for treatments that have shown to have great results, or anything holistic/organic.

Social Security should have more money in there than ever before with all they've stolen from those who died young.

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5 minutes ago, JibbyJedi said:

The parts you never hear in the media propaganda are all the people dying before retirement age more & more, and all that money being kept by the gov't, none of it goes to surviving family "unless" they are deemed incapable of taking care of themselves, mentally handicapped basically, then they get a monthly amount from a deceased parent's SS.   Otherwise it's oh well, too bad so sad you died just before retirement from many cancers we suppress cures for & just add more things to the system that cause cancers.

Does anyone REALLY believe we are "living longer" than ever before? LOL.... prove it.  Every single person I know has a family member who has or had a cancer, or an extended family member who has/had it.  20-30 years ago, cancer was fairly rare & mostly were the elderly with it, now it's just accepted to have a 1 in 2 chance of getting cancer & dying younger because the medical insurance companies only pay for treatments practically guaranteed to kill you off and never pay for treatments that have shown to have great results, or anything holistic/organic.

Social Security should have more money in there than ever before with all they've stolen from those who died young.

Excellent point. If contribution to SS is owed to the contributors, and they don't collect, by what right does the money stay in the "fund" or be squandered by the feds?

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2 minutes ago, Challenger said:

Excellent point. If contribution to SS is owed to the contributors, and they don't collect, by what right does the money stay in the "fund" or be squandered by the feds?

I'd definitely love to hear what goes on with that money & where it was "agreed upon" by the payee that the gov't would keep any & all moneys put into that fund.  You get a job, they just jack your paychecks taking out that SS money whether you agree or not, no?  I know we have to sign the tax forms but SS isn't a tax, it's been so long since I filled out new job paperwork that I can't remember the parts about SS agreements.

My parents died at ages 65 & 66, so one of them got a tiny bit of their SS.  I didn't get shit, just that $250 death benefit amount, and I think I only got that from 1 parent not both because of some excuse reasoning they invented.  Just my 2 parents alone probably had a good $20k or so put into SS after a lifetime of paycheck jacking, now add everyone who dies young, now add in them upping the age to 66-67, then it'll be 70, 72, etc., and at the same time they get you to shorten your lifespans by eating & playing with all the cancer causers.  It's clever, but sadistically evil.

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1 minute ago, JibbyJedi said:

I'd definitely love to hear what goes on with that money & where it was "agreed upon" by the payee that the gov't would keep any & all moneys put into that fund.  You get a job, they just jack your paychecks taking out that SS money whether you agree or not, no?  I know we have to sign the tax forms but SS isn't a tax, it's been so long since I filled out new job paperwork that I can't remember the parts about SS agreements.

My parents died at ages 65 & 66, so one of them got a tiny bit of their SS.  I didn't get shit, just that $250 death benefit amount, and I think I only got that from 1 parent not both because of some excuse reasoning they invented.  Just my 2 parents alone probably had a good $20k or so put into SS after a lifetime of paycheck jacking, now add everyone who dies young, now add in them upping the age to 66-67, then it'll be 70, 72, etc., and at the same time they get you to shorten your lifespans by eating & playing with all the cancer causers.  It's clever, but sadistically evil.

Yes it is, clever and evil. It was conceived in pure greed and played as a joke on the peons, who as freemasonry puts it, "deserve to be fooled". Or as I think Carnegie or one of that ilk said, "Sheep are meant to be sheered". They despise us all and entertain themselves with our misery. To them, right is whatever they can get away with, and wrong is anything or anyone resisting their will (who was it that said "competition is a sin", Rothschild?). They live in shadows and halls of mirrors, with minds so twisted that it's no wonder most people never figure them out.

We were robbed as a nation in 1871 and 1903, we are all sold as slaves at birth, and the only reason we still have some semblance of humanity remaining is because God forbids our extinction.  

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16 minutes ago, Challenger said:

Yes it is, clever and evil. It was conceived in pure greed and played as a joke on the peons, who as freemasonry puts it, "deserve to be fooled". Or as I think Carnegie or one of that ilk said, "Sheep are meant to be sheered". They despise us all and entertain themselves with our misery. To them, right is whatever they can get away with, and wrong is anything or anyone resisting their will (who was it that said "competition is a sin", Rothschild?). They live in shadows and halls of mirrors, with minds so twisted that it's no wonder most people never figure them out.

We were robbed as a nation in 1871 and 1903, we are all sold as slaves at birth, and the only reason we still have some semblance of humanity remaining is because God forbids our extinction.  

I couldn't say it any better myself.  The only thing I'd add to what you said would be that England likely had back room deals made back in 1776 and only gave the Americans the illusion of Independence from England.... we didn't even really change any of the royal's names for cities & towns & streets after we allegedly "won our freedom", I mean I live in "New England".... wouldn't truly free people change that name like right away?  That's like white slave owners naming everything after themselves in any given state, then after all the slaves defeat the whites & take back their freedom, just keep those same reminder names for everything around them, lol.  

So many parts of History make me scratch my head in serious confusion.

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