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Social Security Ran $47.8B Deficit
in FY 2012; Disabled Worker
New Record in December: 8,827,795s Hit

CNS, by Terence P Jeffery

Original Article

Posted By:lasvegaslou, 12/27/2012 8:17:58 AM

The Social Security program ran a $47.8 billion deficit in fiscal 2012 as the program brought in $725.429 billion in cash and paid $773.247 for benefits and overhead expenses, according to official data published by Social Security Administration. The Social Security Administration also released new data revealing that the number of workers collecting disability benefits hit a record 8,827,795 in December--up from 8,805,353 in November.

Comments:
First, the headline is a flat out lie. Second, why do so many conservatives set themselves up against SS? It is a losing battle. Retirees collecting SS were forced to pay into it all their working lives. It is not a welfare program although it looks like this Administration has turned SS Disability into one.

      


Post Reply  

Reply 1 - Posted by: TheMotherCO, 12/27/2012 8:29:47 AM     (No. 9085425)

Social Security was not supposed to be a disability program - too many people, I know several, are lying about and lying about needing it. I told the persons about it also and they said it was suggested to them. Sorry, being preggers is not being disabled.

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Reply 2 - Posted by: civilservant, 12/27/2012 8:33:20 AM     (No. 9085435)

The original name of SS was the Widows and Infants fund. Beyond that is noting more than a ponzi scheme to buy votes.
My arsehole BIL voted O(And I had to spend the day at his house Tuesday) because he "contributed to SS since he started working in 1963!!"
You moron, you were in banking and you think that %.1 on your SS contributions paid enough to carry you thru 2 darn years??


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Reply 3 - Posted by: Nevadadad46, 12/27/2012 8:45:56 AM     (No. 9085451)

Who was so blind as to not see this coming when the elites came up with their phony "designer" disability mental diseases- PTSD, ADD and many, many other dumb made-up alphabet diseases that were nothing but wide open doors for liable lawyers to make a killing off of. Just look at the fantastic lists of remote possibility side effects drug companies have to post when they advertise- and why are they advertising drugs only your Doctor can prescribe is beyond me! We have actually become a dysfunctional society and we are starting to topple from our own shoddy constructions.

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Reply 4 - Posted by: dittohead, 12/27/2012 9:25:44 AM     (No. 9085541)

Don´t forget - ADD and ADHD is considered a disability and those kids receive SSI (or they used to) - one reason parents push for their kids to be identified in school.

SS should be for those who pay in = period, or the survivor of someone that paid in. It´s just a slush fund now.

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Reply 5 - Posted by: Spidey, 12/27/2012 9:50:22 AM     (No. 9085609)

I was watching an old ABC clip about the epidemic of AIDS in the black community so I have to believe a lot of these claimants from the AIDS division of our promiscous fellow citizens.

How can you be aware of an AIDS epidemic and still have rcekless sex. It must be the internal animal that takes over.

Gwen Ifill was in on it and mystified why the government hasn´t done more.Like what?It´s a personal behavior issue.The big reason for it is bisexual men you et it from a gay then transmit it to a woman.

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Reply 6 - Posted by: lasvegaslou, 12/27/2012 10:01:45 AM     (No. 9085638)

As #2 pointed out, SSI is not part of SS and is not funded by SS. it. is administered by SS. Too many people, low information people, I guess, thank they are the same. In reality, SS is fully funded until about 2036. It then starts running a deficit if nothing is done between now and then.

I get so incensed about this because of the way politicians looted the money in the SS Trust Fund, replaced it with US Bonds "backed by the full faith and honor of the US Gov" and then used the cash to buy votes. You see, they can´t use Bonds to buy votes but they can use the cash from the SS Trust Fund - so they convert it. Politicians find a way. Look closely at Harry Reid´s land deals that made him rich if you need a
lesson in screwing the taxpayer. They are a cunning breed. And they hire other cunning people called Staff, paid for by us, to assist.


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Reply 7 - Posted by: nimby, 12/27/2012 10:08:35 AM     (No. 9085658)

When Madoff does it, its a Ponzi scheme and he goes to jail. When the gooberment does it "its all fair". Go figure!!

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Reply 8 - Posted by: MDConservative, 12/27/2012 11:09:48 AM     (No. 9085796)

Hey, #7...your cash is nothing more than a promise "backed by the full faith and honor of the US Gov". Your dollar has NO intrinsic value. A Federal Reserve Note of 20 years ago is worth the same "dollar" as one printed yesterday.

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Reply 9 - Posted by: judy, 12/27/2012 5:00:57 PM     (No. 9086402)

The sad part is if you´re on disability you´re allowed to earn $20,000 yearly .....sad real sad.... In the old days you had to be in a wheel chair before you were considered disabled...

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Reply 10 - Posted by: 3XALADY, 12/27/2012 8:29:26 PM     (No. 9086688)

So which ´disability´ fund is everyone going to when they run out of unemployment compensation after the 99 weeks? I thought it was part of the Social Security program.

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Reply 11 - Posted by: 3XALADY, 12/27/2012 8:31:25 PM     (No. 9086692)

Forgot to remind you about one of Dingy Hairy´s money grabbing schemes. Someone gifted him some land-locked land, many acres, but not worth much it seems. Somehow he got a bridge and roads built into this land-locked property and was then able to sell it for million$. Back in the 80´s I think.

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Reply 12 - Posted by: ColonialAmerican1623, 12/28/2012 12:38:15 AM     (No. 9086932)

So tired of Social Security being the first on the hit list.

When tossing numbers around, notice they don´t say how many SS checks leave this country ? How many immigrants receive checks ? How about those tax credits for children of immigrants that don´t even live in this country ?

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