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"We're from the Government, and We're Here to Help"

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This entry was posted on 7/11/2007 8:14 AM and is filed under uncategorized.

The annual “Social Security Statement of Benefits” arrived today.  They admit that by 2041 they have only enough money to pay 75% of the money they will ‘owe’.  But that’s not the problem. 

For many years Social Security has been taking in more than they pay out.  Where does that money go? A coffee can under a mattress? A vault somewhere in Fort Knox?  No.  By law, the government must invest the money.  This means that the “Social Security Trust Fund” is earning interest.  A lot of interest.  But guess what, the government can only invest the money in... Government Savings Bonds! 

So the government collects the money from your pay check.  It then loans the money to itself.  It then spends the money.  (Starting to see the problem?)  In 2017, it has to start paying back the money.  With interest.
More people my age beleive in UFO's than belive they will ever see money from Social Security.  I wonder why...

 

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    • 1/7/2009 2:57 AM Damon F wrote:
      Well, I just hope that the government could really help us with the present crisis we are facing. Almost everyone is affected of financial crisis. The American middle class has been taking notice of the rising bounced check fees and late fees imposed by companies that have been hard hit for cash by getting more payday loans to avoid these unpleasant things. Also, debt and personal finance seems to be at the forefront of a lot of people's minds, as reducing debt and spending is one of the most popular resolutions for New Year's this year. One of the best things to do when reducing spending is to live on less, so putting away the VISA or MasterCard is probably a good idea at this point. Not blindly buying name brands can save you a couple hundred dollars per year. There is never a bad time to start reducing your debt. Find out how payday loans can help you achieve your financial goals.
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    • 3/11/2009 1:00 PM Payday advance loans wrote:
      Social Security has survived another year. In at least one important policy area, good sense has triumphed over ideology. We have not shredded the safety net in a celebration of rugged individualism. We have not promised to transfer resources from the poor to the rich, from women to men, from the old to the young.

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    • 4/13/2009 12:52 PM Jon wrote:
      This means that the “Social Security Trust Fund” is earning interest. A lot of interest. But guess what, the government can only invest the money in... Government Savings Bonds!
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    • 4/13/2009 12:53 PM Jon wrote:
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    • 5/12/2009 6:00 AM beste deutsche Casinos wrote:
      I think this decision of the law will surely make the difference in the coming days and having an abilitiy to change the views of many.
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    • 5/14/2009 1:19 AM Pawnshops New England wrote:
      HI,
      This crisis is a bigger threat than any in recent history because of what could happen not because of what has happened so far. We are in great danger right now because the economy is more global and more tied together via technology and ease of travel. There are more interwoven parties and much more wealth to worry about.
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    • 5/23/2009 1:44 PM gaining muscle wrote:
      Don't trust in Government. Only God.
      Reply to this
    • 6/3/2009 1:41 AM small caps wrote:
      Social security primarily refers to a social insurance program providing social protection, or protection against socially recognized conditions, including poverty, old age, disability, unemployment and others.
      Reply to this
    • 6/29/2009 2:24 AM seth wrote:
      Glenn Kelman, chief executive and president of Redfin, said that it will not open offices across the Island to launch its services. He said one office in either Melville or Huntington would be enough. The online brokerage would just develop and introduce better features, in addition to its foreclosed home search tools.
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    • 7/29/2009 12:54 PM Payday Loan Canada wrote:
      The Social Security Policy Briefings series is produced in the framework of the Global campaign on social security and coverage for all; it aims to set out the views of the Social Security Department in areas of particular importance, and so provide guidance to ILO member countries in the formulation of their social security policies.
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    • 8/10/2009 11:09 AM smet clothing wrote:
      Did you know that saving and investing wisely -are important for you, for your family, and for our country? You can learn more about - how you can save money, and why you should save money, by visiting online at: www.mymoney.gov. This is a federal government website - that is dedicated to teaching the basics of financial management to all American citizens.
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    • 12/1/2009 3:07 AM instant messenger software wrote:
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