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CBO: "Social Security to Run Out of Money Sooner Than Estimated," Bob Adelmann (2/9/2013)

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  • Supreme Law Firm
    sooner then ESTIMATED ??? Read:  their original estimates were most probably LIES ... From: Paul Andrew Mitchell, B.A., M.S. Sent: Sunday, February 10,
    Message 1 of 1 , Feb 10, 2013
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      "sooner then ESTIMATED"???

      Read:  their original "estimates" were most probably LIES

      ----- Forwarded Message -----
      From: Paul Andrew Mitchell, B.A., M.S.
      Sent: Sunday, February 10, 2013 7:26 AM
      Subject: CBO: "Social Security to Run Out of Money Sooner Than Estimated," Bob Adelmann (2/9/2013)

      http://www.blacklistednews.com/Social_Security_to_Run_Out_of_Money_Sooner_Than_Estimated/24132/0/38/38/Y/M.html

      Social Security to Run Out of Money Sooner Than Estimated


      The February report from the Congressional Budget Office (CBO) about the inevitable insolvency of Social Security is discouraging enough without checking the CBO’s assumptions.

      A closer look at the report and those assumptions reveals a Ponzi scheme that is going to crater sooner than expected.

      For 2013 the CBO said that beneficiaries will receive $816 billion in benefits while revenues from payroll taxes will be $846 billion, leaving the program with a surplus of $30 billion. 

      By the year 2023, however, the CBO estimates that outgo will exceed $1.4 trillion compared to revenues of $1.3 trillion, a shortfall of about $100 billion.  [end quote]

      Latter report from the  WE TOLD YOU SO DEPARTMENT:

      http://supremelaw.org/ref/ss/baby.boom.benefits.htm

      http://supremelaw.org/ref/ss/baby.boom.discussion.htm

      --
      Sincerely yours,
      /s/ Paul Andrew Mitchell, B.A., M.S.
      Private Attorney General, 18 U.S.C. 1964
      http://www.supremelaw.org/decs/agency/private.attorney.general.htm
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