Quoted Text

Social Security facing deficits More to be paid out than collected in taxes
BY STEPHEN OHLEMACHER The Associated Press

    WASHINGTON — Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next two years, the first time that’s happened since the 1980s.
    The deficits — $10 billion in 2010 and $9 billion in 2011 — won’t affect payments to retirees because Social Security has accumulated surpluses from previous years totaling $2.5 trillion. But they will add to the overall federal deficit.
Applications for retirement benefits are 23 percent higher than last
year, while disability claims have risen by about 20 percent. Social Security officials had expected applications to increase from the growing number of baby boomers reaching retirement, but they didn’t expect the increase to be so large.
    What happened? The recession hit and many older workers suddenly found themselves laid off with no place to turn but Social Security.
    “A lot of people who in better times would have continued working are opting to retire,” said Alan J. Auerbach, an economics and law pro-.............>>>>...............>>>>..............http://www.dailygazette.net/De.....1&Continuation=1

Prior Planning Prevents Poor Performance

Our government has never heard of that concept MT.

on ANY level .. I agree.

Yup....now lets give them our health care....NOT!

This is just the tip of the iceberg.....how about attaching a feeding tube and a ventilator to it too......who is the healthcare proxy
for this gigantic, overweight, unhealthy miserable monkey on our backs.......

yeah, that would be US.........

call in hospice