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For the life of me, I cannot understand why some libertarians support Social Security. Why do they call for fixing and reforming it instead of abolishing it?
This problem is fixable. But it means taking matters into your own hands: You can't fix Social Security. But you can ensure that your own retirement is funded.
As the United States government admits that Social Security and Medicare services are going bankrupt and will both be completely depleted within the next 16 years, American taxpayers are giving around $10.5 million to a close ally that is routinely a
Since its inception in 1935, all funds collected that weren't disbursed to beneficiaries each year were converted into federal IOUs known as special-issue Treasury bonds. By law, the fund could do nothing else.
Are you depending on Social Security and Medicare for your retirement? You might want to rethink that plan. These government retirement programs are going broke even faster than expected.
The Social Security program's costs are expected to exceed its income this year, marking the first time that has happened since 1982 and forcing the U.S. government to dip into the retirement system's trust fund to pay benefits to participants.
There is plenty of blame to go around, but boomers are in charge of Congress, the Fed etc, and have been for years.
In the last 150 years, a previously unknown social concept has taken hold in the US and other wealthy countries: retirement. And just as we're getting used to it, it's being wrenched away from us.
No matter how you slice it, the program is going to fail.
The number of Social Security beneficiaries hit a record 61,859,250 in November, according to data released by the Social Security Administration.
One possibility is using cryptographic keys, or a combination of long random numbers
A couple reports by the Congressional Research Service…"Maintaining financial balance after trust fund insolvency would require substantial reductions in Social Security benefits, substantial increases in income, or some combination of the two.
A few weeks ago the Board of Trustees of Social Security sent a formal letter to the United States Senate and House of Representatives to issue a dire warning: Social Security is running out of money.
Social Security Admin Issued Nearly $200 Million in Payments to People with more than One SSN
When social security was first implemented in the 1930's, America was a very different country. Especially in regards to demographics. The average life expectancy was roughly 18 years younger than it is now, and birth rates were a bit higher than t
The Gov. Lamm approach
In 1935 the government passed Social Security into law setting up a government managed retirement plan for the majority of US workers.
As soon as one is born, they are implanted into 'the system' of society by being tagged with a social security number which identifies them until death. Only after one has taken out thousands of dollars in student loans, signed up for multiple cr
Not too long ago my step-dad had to spend a few days in intensive care. Pretty scary stuff.
Why Social Security Is Doomed: "Birthrate At Lowest Level on Record"… And the Future Is Unfunded
Hillary
Social Security got short shrift in the presidential "debates" this year, meriting only a brief mention at the end of the third event, and even then, only by Hillary Clinton, who vowed not to cut benefits in any effort to bolster the system's f
On March 5, 1997, I signed up for the American Airlines "AAdvantage" loyalty program.
If you are a taxpayer in the Land of the Free, you may have recently received a love letter from the Social Security Administration that went something like this:
In 2010, Social Security (OASDI) unofficially went bankrupt.
In 2010, Social Security (OASDI) unofficially went bankrupt.
In 2010, Social Security (OASDI) unofficially went bankrupt.
Spain's Social Security system is expected to go broke by 2018.
Last week, a group of analysts published an astonishing report about the future of Social Security in the United States, and their remarks were nothing short of damning.
Leave it to a bankrupt government to promise more money to the people it owes. Just yesterday, President Obama declared that "It is time we finally made Social Security more generous." Ron Paul shreds the most popular myths surrounding government's h
