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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (136073)	8/22/2013 12:30:37 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 149317

"You see, the SS Trust Fund has $0 in real cash or investments." Really? Really? Why $114 B in interest income in '11? The 2011 Trustees Report Press Release stated: "Income including interest to the combined OASDI Trust Funds amounted to $805 billion in 2011. ($564 billion in net contributions, $24 billion from taxation of benefits, $114 billion in interest, and $103 billion in reimbursements from the General Fund of the Treasury—almost exclusively resulting from the 2011 payroll tax legislation.) Total expenditures from the combined OASDI Trust Funds amounted to $736 billion in 2011. http://en.wikipedia.org/wiki/Social_Security_Trust_Fund Social Security’s total expenditures have exceeded non-interest income of its combined trust funds since 2010, and the Trustees estimate that Social Security cost will exceed non-interest income throughout the 75-year projection period. The deficit of non-interest income relative to cost was about $49 billion in 2010, $45 billion in 2011, and $55 billion in 2012. The Trustees project that this cash-flow deficit will average about $75 billion between 2013 and 2018 ssa.gov

To: RetiredNow who wrote (136073)	8/22/2013 2:46:04 PM
From: Alex MG	Read Replies (1) \| Respond to of 149317

Why don't you go to the source, instead of quoting other people? Here's the source:socialsecurity.gov I did go to the source and I'm sorry if you don't like Bernie Sanders... yes I know you prefer Rand Paultard types Republicans have spent years demonizing Social Security and spreading lies about its sustainability. They want to scare Americans and build support for making drastic cuts to the program or privatizing it entirely. Their long-term goal is to end Social Security as we know it, and convert it into a private account system which will enable Wall Street to make hundreds of billions in profits. The truth is that, today, according to the Social Security Administration, Social Security has a $2.5 trillion surplus and can pay out every benefit owed to every eligible American for the next 25 years. Further, because it is funded by the payroll tax and not the U.S. Treasury, Social Security has not contributed one nickel to our deficit. - Bernie Sanders