This information was retrieved from the U.S. Government website.
Social Security has had surpluses from 1948-1958 total is 15.2 billion, 1961 surplus, 1964-1965 surplus, 1967-1975 total is 24.2 billion, 1985-current year total 2621.4 trillion in surpluses. This is currently invested in US Treasury bonds.
Surpluses in 2009 were 137 billion and then dropped in surpluses in 2010 to 77 billion. The last time we got this low in surpluses was in 1996 which was 66.6 billion in surpluses.
The disability fund is not doing very well and has been running deficits since 2009 and this fund will be exhausted in 2016.
Medicare Part A Hospital has been running a deficit since 2009 to current.
Medicare Part B Physician was doing very well until 2012 which shows a deficit of 5,358 (million) but is expected to be a surplus from 2013 until 2016 which then becomes a deficit again. However the invested balance in 2012 was 66,500.
Health insurance assistance has been on the books since 2004 where they applied .1 billion each year for 5 years and slowly increases then jumps to 37.4 billion in 2014.
Healthcare is currently 6.2% of GDP.
My opinion on this is our government will never be in a position in order to redeem those funds in US Treasury bonds In order for that to occur, taxes would have to be raised and they would have to cut spending at the same time.
That day is here so expect taxes to be raised next year or in 2015, you can bet on that. This is in addition to Obamacare which will wipe out any disposable income for those that must get insurance from the exchange. Their share of premium costs is much higher than people that have insurance from an employer.
The government wants us to trust them in handling Obamacare but how can we when they can't trust themselves to leave our money alone?
Social Security has had surpluses from 1948-1958 total is 15.2 billion, 1961 surplus, 1964-1965 surplus, 1967-1975 total is 24.2 billion, 1985-current year total 2621.4 trillion in surpluses. This is currently invested in US Treasury bonds.
Surpluses in 2009 were 137 billion and then dropped in surpluses in 2010 to 77 billion. The last time we got this low in surpluses was in 1996 which was 66.6 billion in surpluses.
The disability fund is not doing very well and has been running deficits since 2009 and this fund will be exhausted in 2016.
Medicare Part A Hospital has been running a deficit since 2009 to current.
Medicare Part B Physician was doing very well until 2012 which shows a deficit of 5,358 (million) but is expected to be a surplus from 2013 until 2016 which then becomes a deficit again. However the invested balance in 2012 was 66,500.
Health insurance assistance has been on the books since 2004 where they applied .1 billion each year for 5 years and slowly increases then jumps to 37.4 billion in 2014.
Healthcare is currently 6.2% of GDP.
My opinion on this is our government will never be in a position in order to redeem those funds in US Treasury bonds In order for that to occur, taxes would have to be raised and they would have to cut spending at the same time.
That day is here so expect taxes to be raised next year or in 2015, you can bet on that. This is in addition to Obamacare which will wipe out any disposable income for those that must get insurance from the exchange. Their share of premium costs is much higher than people that have insurance from an employer.
The government wants us to trust them in handling Obamacare but how can we when they can't trust themselves to leave our money alone?
