Tuesday, October 13, 2009

SOCIAL SECURITY---BROKE!

hello america! i recently contacted social security to get my own personal statement. well, i got it...dated september 21, 2009. i wish to share some of it with you....


"In 2016 we will begin paying more in benefits than we collect in taxes. Without changes, by 2037 the Social Security Trust Fund will be exhausted* and there will be enough money to pay about 76 cents for each dollar of scheduled benefits. We need to resolve these issues soon to make sure Social Security continues to provide a foundation of protection for future generations."

it is signed by: Michael J. Astrue, Commissioner


* These estimates are based on the intermediate assumptions from the Social Security Trustees' Annual Report to the Congress.


i will turn 61 this january & will file for early retirement 10/2010 (GOD willing). at this time, i am willing to take the lesser amount instead of waiting until i reach 65-66 because i am not sure what obama will do about it. for that matter, there's been very little talk about washington doing anything about it. i do know they were flirting with the idea of moving the retirement age to 70.

one would think that this issue would deserve immediate attention but, what do i know? after seeing: 1. what the dems & obama wanted to do to the elderly with the 1st healthcare bill; 2. what they want to do to the elderly with the present healthcare bill that will cut programs the elderly need; 3. they will not give the seniors a cola (cost-of-living-adjustment) for 2010; that none of them have addressed the problems with nursing homes & senior living care i can only come up with following conclusion::::obama & the dems don't care about the elderly. they are quick to call us "un-american" for speaking up at the healthcare rallies.

why can't they accept the fact that we have a vested interest in our future & the future of this once great nation that is quickly going to hell?

i am going to write more on this subject in my very next blog...

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