CBO/GAO, Social Security is 33.8 trillion dollars in debt!

[The2ndAmendment]

YOU'RE ALL BEING ROBBED

http://www.gao.gov/financial/fy2011/11guide.pdf

Go to page 15 of the pdf. Then go to "Social Insurance Net Expenditures" then read the attached asterisk.

The government website from which this originates.

U.S. Government Accountability Office (U.S. GAO)

In 2010 it was 30.0 trillion.

In 2011 it was 33.8

Now, in 2012 it's 38 trillion!

http://www.fms.treas.gov/fr/12frusg/12guide.pdf

The Lakhota's of the world will commit suicide in shame and despair of their beloved Big Gov!

 

[boedicca]

The Present Value of total unfunded liabilities for SS and Medicare is $66 Trillion.

Table 6, page 189:

http://www.fms.treas.gov/fr/12frusg/12frusg.pdf

 

[The2ndAmendment]

The Present Value of total unfunded liabilities for SS and Medicare is $66 Trillion.

Table 6, page 189:

http://www.fms.treas.gov/fr/12frusg/12frusg.pdf

HOLY SHIT

 

[boedicca]

And it's why our government will continue to debase the currency...until the system collapses under its own weight.

 

[LordBrownTrout]

This is gonna be ugly when it crashes. It'll make the 1929 depression look like a veritable utopia.

 

[The2ndAmendment]

This is gonna be ugly when it crashes. It'll make the 1929 depression look like a veritable utopia.

If people were awake to these facts, it would have already crashed, the government is (for somewhat good reasons) trying to maintain this illusion for as long as possible now. 5-10 years maximum. 20 if they are extremely lucky.

Notice that the Libtard goon squad hasn't commented yet.

 

[LordBrownTrout]

This is gonna be ugly when it crashes. It'll make the 1929 depression look like a veritable utopia.

If people were awake to these facts, it would have already crashed, the government is (for somewhat good reasons) trying to maintain this illusion for as long as possible now. 5-10 years maximum. 20 if they are extremely lucky.

Notice that the Libtard goon squad hasn't commented yet.

The gravity of our situation is so dire that govt's only option is to create bubbles but that too will prove futile in the near future.

 

[The2ndAmendment]

This is gonna be ugly when it crashes. It'll make the 1929 depression look like a veritable utopia.

If people were awake to these facts, it would have already crashed, the government is (for somewhat good reasons) trying to maintain this illusion for as long as possible now. 5-10 years maximum. 20 if they are extremely lucky.

Notice that the Libtard goon squad hasn't commented yet.

The gravity of our situation is so dire that govt's only option is to create bubbles but that too will prove futile in the near future.

They could just legalize (as it says in the Constitution lolol) Gold and Silver trading again, and keep the dying system (fiat currency) alongside until it phases out on its own.

Also, why hasn't the Marxist good squad commented on this thread yet?

 

[The2ndAmendment]

Come on Libbies.

 

[boedicca]

They PHEAR teh Math.

 

[rightwinger]

33 trillion for 300 million people?

Seems about right

 

[boedicca]

33 trillion for 300 million people?

Seems about right

You think $110,000 of unfunded liabilities per capita on top of the tax burden used to offset the covered liabilities sounds right?

What a moron.

 

[The2ndAmendment]

33 trillion for 300 million people?

Seems about right

You think $110,000 of unfunded liabilities per capita on top of the tax burden used to offset the covered liabilities sounds right?

What a moron.

Hey, at least he didn't deny that it's insolvent.

Although, I can assure uo there isn't 300 million WORKING people paying into SS. I think it's about 89 million correct? Even less when you subtract government jobs.

 

[rightwinger]

33 trillion for 300 million people?

Seems about right

You think $110,000 of unfunded liabilities per capita on top of the tax burden used to offset the covered liabilities sounds right?

What a moron.

Let's see.....

300 million Americans working 45 years paying 7% of their salaries with employer matching. You are looking at total expenditures for all Americans

Seems about right

 

[Spoonman]

33 trillion for 300 million people?

Seems about right

You think $110,000 of unfunded liabilities per capita on top of the tax burden used to offset the covered liabilities sounds right?

What a moron.

Let's see.....

300 million Americans working 45 years paying 7% of their salaries with employer matching. You are looking at total expenditures for all Americans

Seems about right

Working for 45 collecting for 10. sounds like we're coming up a little short

 

[boedicca]

33 trillion for 300 million people?

Seems about right

You think $110,000 of unfunded liabilities per capita on top of the tax burden used to offset the covered liabilities sounds right?

What a moron.

Let's see.....

300 million Americans working 45 years paying 7% of their salaries with employer matching. You are looking at total expenditures for all Americans

Seems about right

You clearly do not grok what an unfunded liability is. It is the amount AFTER the forecast of tax receipts have been netted against the forecast of expenditures. It's the GAP that current tax rates won't cover.


It appears that both reading comprehension and math are not your strong suits...hardly surprising.

 

[NYcarbineer]

They've been predicting the demise of Medicare ever since it began:

 

[boedicca]

Given that Obama is raiding Medicare to pay for Obamacare, the likelihood of insolvency is looking more assured than ever.

 

[LordBrownTrout]

You think $110,000 of unfunded liabilities per capita on top of the tax burden used to offset the covered liabilities sounds right?

What a moron.

Let's see.....

300 million Americans working 45 years paying 7% of their salaries with employer matching. You are looking at total expenditures for all Americans

Seems about right

Working for 45 collecting for 10. sounds like we're coming up a little short

That's the definition of a ponzi scheme and you can't even pass the money that you made on to your children. At the least SS should be an opt in or out.

 

[Darkwind]

If people were awake to these facts, it would have already crashed, the government is (for somewhat good reasons) trying to maintain this illusion for as long as possible now. 5-10 years maximum. 20 if they are extremely lucky.

Notice that the Libtard goon squad hasn't commented yet.

The gravity of our situation is so dire that govt's only option is to create bubbles but that too will prove futile in the near future.

They could just legalize (as it says in the Constitution lolol) Gold and Silver trading again, and keep the dying system (fiat currency) alongside until it phases out on its own.

Also, why hasn't the Marxist good squad commented on this thread yet?

They are waiting on someone to throw together a phoney study showing that this is actually good for the country. Then when they are told, they'll be here in force. Just wait for it.