Mrcauser’s Weblog

Just another weblog

Just wait until we start collecting…….

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I want every dime of my SS check. Every dime of Patti’s. We geezers vote. We have guns. God knows how many wars we’ve been in. Our children and grand children own the military and they ain’t too impressed with the bum fucks in government.

As I’ve been posting for awhile, the real crisis hits in 5 or 10 more years when we retire and demand ours. We ain’t going to be happy.

Or nice.

Daily Digest – Daily Digest – January 6 – Jan. 6, 2010 | Blogs at Chris Martenson – Daily Digest, Economy, Energy

“The Social Security Trust Fund issued their November and December reports today. They also provided the payment data for January 2010. I think there is some significant information.”

“There was a $100 billion surplus for the year. But compare that to the $190 Billion surplus in 2007. We have lost $90 Billion in just two years. But this number should be much higher than the 07 surplus. It was assumed that the Fund would have larger and larger surpluses for years to come. The 2008 Trustee Report (signed by then Chairman Hank Paulson) provided a set of Intermediate Assumptions for the Fund’s surpluses looking forward. As you can see we missed the 2009 target of a $220b surplus by a cool $120 billion. As of 12/31/09 the funds assets are behind that 08 schedule by $155 billion.”


Written by mrcauser

January 10, 2010 at 7:06 pm

Posted in Uncategorized

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