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Monday, May 16, 2011

SS Trust Fund - "We Lost $1.1 Trillion Last Year!"

4 comments:

Anonymous said...

I have prepared payroll for my company for years now. The employee share of social security has dropped this year to help the economy and by default those in the government who will look good with even more money thrown into the system. Dropping the employee's deduction for social security is doing harm to it.

Further if medicare is so underfunded an increase in the "small" amount that medicare takes from a paycheck could easily be increased with hardly any effect on the net pay of an employee.

More examples of how our govt manipulates $'s to make the current office holders look good, while trying to blame other factors. Bring back the former contributions for Social Security and raise the percent for medicare. A small but significant start to healing some of our govt woes

Anonymous said...

Simple fix....cut the billions of dollars going overseas and start making the cuts inside DC. Problem solved. Don't think for a minute an increase in taxes or decrease in SS for the retired, is going to fix the problem. There are many other avenues to handle the issues at hand. It's up to them to start, but don't hold your breath!

lmclain said...

I suggest we do two things immediately. 1)stop letting congress get their greedy, nasty little claws on all that cash that comes rolling into the fund every month. Keep the SSI revenues in a separate account, untouchable by Congress. 2) quit paying parents $700 a month for every kid they have that gets labeled as "disabled" because they beat all the others kids up in their class and have "anger-management" disability. You would be shocked at the number of single mothers with 3-4 children who are collecting SSI checks for each their "disabled" children. Return SSI to its original intent and don't let it continue to be another revenue stream for single mothers.

Anonymous said...

The Federal Government illegally "borrowed" (ie. Stole) fromt he Social Security Trust Fund.

You cannot legally borrow money from a Trust Fund. Hence, the very definition of "Trust Fund".

Our Government is criminal in its very existence.