The loss of income from the redemptions comes to a cool $3.3Bn a year. That is chump change at SSA – but it will happen again next June when another chunk of high coupon paper rolls off the books. – Bruce Krasting
Post Tagged with: "Social Security deficit"
September 20, 2012 09:30
The Federal Reserve Is Systematically Destroying Social Security And The Retirement Plans Of Millions Of Americans
Because of the Fed policy of keeping interest rates exceptionally low for the foreseeable future it is now being projected by some analysts that Social Security will be bankrupt by 2023.
August 10, 2012 07:34
Social Security Ponzi Scheme Becoming Apparent
How dumb can the electorate be to continue to put up with the Social Security fraud?
July 5, 2012 09:37
Social Security to be cut 25% in 10 years!
Projections by the SS Trust Fund have gross errors in income projections. Interest income from Treasuries drops 75%. GDP growth and employment projections also unrealistic.
September 21, 2011 18:58
Obama’s “Jobs” Plan Major Trouble for Social Security
Obama’s “must pass” bill will cut funding for social security when it need it most. National journal’s Major Garrett explains.
September 13, 2011 07:58
Yes, It Is a Ponzi Scheme
As with Ponzi’s scheme, when the number of new contributors dries up, it will become impossible to continue to pay the promised benefits. Those early windfall returns are long gone. When today’s young workers retire, they will receive returns far below what private investments could provide. Many will be lucky to break even.
September 13, 2011 04:56
Newt Gingrich: Obama scares American people “every single day”
Newt refers to Obama’s threats not to send out social security checks but it could be huge debt he keeps piling on or the truth we keep finding out about Obamacare.
June 17, 2011 07:00
The Extinction of Retirement
[R]etirement is now an illusion, and many Americans will find themselves working far longer, for far less real compensation, then they ever imagined. The quicker we realize this, and plan accordingly, the better off we will be.
March 16, 2011 09:59
Dems plan on entitlement bankruptcy – fuhgeddaboudit
Eric Cantor on GOP courage to tackle entitlement reform and Obama’s lack of it.
March 2, 2011 07:29
The End Game
Like the frog who doesn’t realize it is being boiled until it is too late to jump out of the pot, at some point during the ongoing government takeover of Americans’ businesses and wealth, we could wake up in a new country. The U.S.A. could morph into the D.S.S.A., the Democratic Socialist States of America, with the Democrats entrenched in power, overseeing it all. That is their end game.
