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"
April 19, 2013 08:46
Why Violence and Terror are Part of America’s New Normal
A majority of us keep expecting our leaders and officials to initiate force against our fellow citizens on a daily basis, robbing from another to give to ourselves. And then we marvel at the fact that some choose to take the violence to the streets.
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 28, 2012 05:50
Math is not so hard – keeping political promises is
The federal debt is so large that if the interest rate the government pays rose just 1 percentage point, the additional annual cost would be equivalent to the cost of the Iraq and Afghanistan wars combined.
August 17, 2012 14:57
Economic collapse is inevitable, here’s why…
The numbers don’t lie. At this point, the dollar crash is unavoidable… far from an exaggeration this is a mathematical certainty. As repelling as that sounds, it’s in your own best interest to learn just how bad the situation is. – Crisis HQ
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?
August 2, 2012 05:34
Why the Federal Budget Matters
[E]very dollar of revenues had been committed to Social Security, Medicare, and other so-called entitlement programs before Congress even walked in the door.
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.
May 8, 2012 04:09
The Free Lunch Myth and Only People Pay Taxes – Friedman
“Only people can pay taxes. When you talk about a tax on business it has to be paid by somebody. Either it’s paid by the stock holders, or it’s paid by the customer or it’s paid by the worker. There’s no other way it can come from. There’s no Santa Clause, no tooth fairy that’s going to provide a source by which the government can spend money that doesn’t come from somebody. Somebody has to pay.”
May 7, 2012 07:03
Forget Retirement And Retirement Savings
A ponzi scheme is defined as “a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation”. By this definition, the Socialist Security system in the US is a ponzi scheme.
