texshelters

Lie of the Month: Social Security is Insolvent

In Current Events, Economics on February 11, 2011 at 20:20

Tex Shelters here, and I want to talk to you about one of the biggest, most terrible scary things for the American economy since Eugene V. Debs ran for president and that nasty Ralph Nader made the auto industry put seat belts in cars: Social Security. Social Security is going last until 2037 unless something is done so that corporate America, Wall Street, and bankers can get a hold of the money that ordinary citizens so selfishly keep from us.

Everyone knows because we have repeated it time and time again in the media, that Social Security is increasing our deficit and our deficit will destroy the world in a holocaust of hell fire. We know about the budget-destroying power of Social Security even though it is a separately funded problem that has nothing to do with the general budget. Sure, Social Security is funded by direct individual contributions from workers and their employers and the payments come out of the trust, a fund not in anyway connected to the federal budget. But the very existence of Social Security increases the federal deficit.

Comrade Harry “Hitler” Reid, the Stalin of Nevada, defends Social Security money from the rightful owners, Wall Street investors. One of the things that always troubles me is when we start talking about the debt, the first thing people do is run to Social Security. Social Security is a program that works. And it’s going to be– it’s fully funded for the next forty years. Stop picking on Social Security… I’m not going to go to with any of those backdoor methods- you know, to whack Social Security recipients.” http://videocafe.crooksandliars.com/node/43039/print Did you notice Reid’s Stalinist Hitler use of the word “Whack” like some mafioso union boss?

Well, Reid was 4 years off; SS is solvent for only 36 years more according to the Social Security Trustees’ report,

“Projected OASDI tax income will be sufficient to finance about 75 percent of scheduled annual benefits in 2037 through 2084 after the combined OASI and DI Trust Funds are projected to be exhausted.”
http://www.ssa.gov/oact/trsum/index.html

Thus, Reid is a lying scumbag who has everything wrong and so is every other person who wants to use these facts and look for solutions other than letting investors take the trust fund to play with for their personal benefit! Why do they hate America?

Defend Social Security if you must you rabble-rousers:

Sign a petition
http://pol.moveon.org/obamasocialsecurity/

Write Washington, DC:

President Obama
CO/ The White House
1600 Pennsylvania Avenue Northwest
Washington, DC 20500-0004
or phone: (202) 456-1414

Or send note online:  http://www.whitehouse.gov/contact

Congressional switchboard 800-828-0498
Just ask for the office of your Senator or Representative

House of Representatives:

http://www.house.gov/house/house_comments.shtml

Senate: http://www.senate.gov/

Find your Congressperson here:

http://www.votesmart.org/official_congress.php

Peace,
Tex Shelters

  1. Ohh bullshit tex. Everytime the gov brings out a report its a god damn lie. Heres a link to a peter shiff video with a Social security trustee explaining in clear plain language that the social security fund is bankrupt the same minute it pays out more than in.
    And that there is NO social security trust fund or any money saved.
    It is in theory only.

    • Why would you trust this guy? I read multiple sources. I knew you would bring your anti-all government conspiracy fact-less crap here. Really, I suspect the government of all sorts of things, but I trust those that verify the trustees report, i.e. Paul Krugman among others.

      I can tell you the difference between a Ponzi scheme and Social Security. In a Ponzi scheme, you never see your money. In Social Security, you do.

      Plus, it’s NOT bankrupting the government. It’s a separate fund.

      Peace,
      Tex Shelters

    • Chris,

      Yes, and thanks for the video.

      Peace,
      Tex Shelters

  2. Tex – one error noted from this master of trivia: SSI (Supplemental Security Income) is not part of the Social Security system, nor is it funded by it. It is basically a program set up to provide disability income to persons who don’t qualify for Social Security or Railroad Retirement benefits. In some states, such as Illinois – where I worked for the Public Aid office – this form of assistance was called AABD (Aid to the Aged, Blind, and Disabled). I believe this changed to SSI when the Social Security Administration took on some of the administrative responsibility for it, but it is not funded by Social Security contributions.

    • Yes, there are so many acronyms baloney, that I get that mixed up.

      So, they aren’t funded from the same sources? You got a link?

      Peace,
      Tex Shelters

  3. What happened to the death panels? Weren’t they going to solve the problem of social security? Where are the death panels we were promised?

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