As President Obama faces pressure on the left to defend federal entitlement programs from the benefit cuts that the Republicans say are necessary to keep the programs solvent decades down the road, one part of Social Security could fall short of paying out full benefits within a few years -- even while Obama is still president. Over the long term, Social Security and Medicare have promised tens of trillions of dollars more in benefits than the nation can pay for under current policies. But Social Security´s disability trust fund is in even worse shape, and current estimates say by 2016
Comments: I am on Social Security benefits and also going to be 65 this year. So many of US from the time we first worked and prepared for retirement "knew" that there was this "security net" if needed. I did. Now, because of all the habitual social engineering by the dRATS and wasting countless dollars with abortions, illegals and their rights, we who paid for and earned it are suddenly being "scared" to know it may not be there anymore. One more reason to win back Congress to stop the waste on Capitol Hill that threatens our fading futures.
At the time of Obama´s first inauguration, the Trustee was suggesting that contributions to the program needed to be doubles or payments out cut by 50%. The reason the need was so great is because there are limitations on how fast the changes will actually go into effect. Instead of taking action, Obama has made things worse by extracting 500 billion to go to Obamacare and allowed a large increase in the numbers on Disability.
The Social Security Trust Fund is non-existent. But that is small potatoes compared to the real train wreck that could hit, literally, any day, namely, a jump in interest rates. If the Fed’s manipulation of interest rates flags one little bit, the cost of servicing US government debt will explode, and federal government discretionary funds will vanish. The peril that Obama’s spending orgy has put this country in cannot be overstated.
IIRC, legal immigrants were allowed to go on SSDI even if they were injured in their home countries and never paid a dime into USA SS. If true, the SSTF was bound to become insolvent sooner than later.
When I heard Obama just the other day talk about entitlements and included social security, it made me litteraly want to grab him by the neck and tell him that for those worked to get SS are not ENTITLEMENTS!!
Human nature being what it is, the disability portion of social security is very vulnerable to being raided, it´s already being raided to some extent now, especially if the liberal Democrats grant what amounts to amnesty for up to 20 million mostly poor illegal aliens, millions of who will claim to have qualifying disabilities as soon as they become eligible.
There are literally thousands of different physical and mental disabilities that a person can claim these days to get on the disability rolls. You can imagine the problems that the system is going to have in dealing with millions of non-English speaking people, represented by lawyers who will be specializing in tailoring disability claims with just enough evidence to squeak through, so that their clients can start getting paid and commence paying attorney´s fees. You can bet that liberal Democrat politicians will then be calling for the disability adjudication system be streamlined and "red tape" cut so that all those potential new liberal Democrat voters can start collecting.
Good - I hope the SS disability scam system goes bankrupt. We need to abolish the entire federal disability system. It is nothing but a way to pay lazy people not to work. It is also a Democrat vote buyer. We need to return to the principle that if you want to eat, you need to work. And the disabled should be taken care of by their families.
Another crises to be exploited after the 2014 midterm election cycle. Expect SS tax increases early in 2015, along with raising the age for full benefits to 70 or beyond. The govn rationale? People are living longer, or if the glass is half empty for you, people are dying sooner, courtesy of Obamacare Death Panels.
I´m thinking I read 11,000 people are being added to the SSDI rolls DAILY. No freakin´ wonder it´s going broke. And then they are talking about adding 20 million illegals. But nothing will happen to their new raise or overpaid salary for 100+ days´ work a year.
On the day SS goes broke so should the pols retirement fund. On the day they jump the eligibility age to 70 the pols retirement eligibility should jump to double the terms they are need. Whatever we suffer they should suffer double. As it is they have no skin in the game.
I can´t produce the money by magic but I do suggest it would be better to not associate the Disability fund with Social Security at all.
The SS Administration does many things. And that results in some efficiency. But it leads to confusion when anyone suggests changing or fixing any one of the functions. Then Seniors scream and unscrupulous politicians happily mislead them to gain votes.
I would spin off each function to a separate agency for clarity.
Then fund the disability out of general revenues. IOW end the paycheck deduction and treat disability payments just like anything else the Congress must budget.
Similarly end any confusion that the various Medicare A,B,C,D etc are somehow associated with SS.
Why have ObamaCare and Medicare and GodKnowsWhatElseCare handled by separate agencies? They are all federally run medical programs.
Right now SS is a catch-all phrase. Separate the activities and also stop all phony accounting such as lending various fund monies to the Treasury.
When my husband applied for SS about 15 yrs ago we were motorhoming. We were in Las Cruces, NM at the time so that was the office where he applied. He was the only person in the office over about the age of 30. All the young people applying for SS disability appeared to be very healthy. We were shocked and disgusted.
The Fair Tax would generate much more revenue to fund social security. Even pimps and drug dealers and under the table workers would pay, because it is a consumption tax. Of course, the income tax and IRS would have to go away..to be replaced by the Fair Tax. The sloths in Congress had better start being the solution instead of the problem, or it will be tar and feathers for all of them.
When we pay our taxes, we have no choice as to where it is spent or wasted, and there lies the problem.
Why are our tax dollars going to foreign countries while they nip and tuck domestic programs ? Why are people who never worked a day in this country allowed to tap the system, not only with SS, Medicaid, and social services, but IRS ?
How many kids are collecting because they are labeled with ADD instead of being corrected at home ?
Shifts in climate are strongly linked to increases in violence around the world, a study suggests. US scientists found that even small changes in temperature or rainfall correlated with a rise in assaults, rapes and murders, as well as group conflicts and war. The team says with the current projected levels of climate change, the world is likely to become a more violent place. The study is published in Science. (Snip) Their examples include an increase in domestic violence in India during recent droughts, and a spike in assaults, rapes and murders during heatwaves in the US.
Al-Qaeda leader Ayman al-Zawahiri has vowed in a video released Wednesday to break out Muslim prisoners from US penitentiaries and the heavily fortified compound for terrorist suspects at Guantanamo Bay, Cuba. The blustery threat to retaliate for US "crimes" against al-Qaeda warriors was probably inspired by recent attacks on prisons in Iraq, Libya and Pakistan that freed more than 2000 detainees, many of them allied with the global terrorism network that has been headed by Mr al-Zawahiri since the 2011 assassination of its founder, Osama bin Laden.
President Barack Obama is returning to The Tonight Show With Jay Leno. Obama will appear on the Aug. 6 broadcast of NBC´s late-night talker, which would mark his sixth time and the fourth appearance since becoming president. According to NBC, Obama plans to discuss jobs initiatives and the economy during his visit. Previous Tonight Show appearances were Dec. 1, 2006; Oct. 17, 2007; March 19, 2009 — marking the first time a current president appeared on a late-night talker; Oct. 25, 2011; and Oct. 24, 2012. Obama has made the late-night rounds over the years,
An American international politics publication has reported that the US Air Force plans to dispatch fighter jets and tanker aircraft to northern Australia in the next year. Foreign Policy magazine said it was part of a US strategy to dramatically expand its air defence presence across the Pacific and South-East Asia. (Snip) In a breakfast media briefing, he is reported saying the US would send "fighters, tankers and, at some point in the future, maybe bombers on a rotational basis" to Darwin. General Carlisle is reported to have said the aircraft would initially go to the RAAF base in Darwin
Most fishermen are guilty of the odd photobrag, but none can match this bloke´s cockiness. The Victorian fisherman celebrated catching a huge shark by climbing inside the gutted fish, poking his arm through its gills and posing for a joke shot with his knife buried between its eyes. In a world where every angler is pictured next to his prize catch with a thumbs up, it´s becoming increasingly difficult for intrepid fishermen to stand out. But this guy - let´s call him the Shark Slayer - certainly managed it. ´Arch´, who works at the Metung Hotel in Gippsland, was present when the photo was taken.
Washington - U.S. spy agencies plan to release newly declassified documents as early as this week about the National Security Agency surveillance programs revealed by former contractor Edward Snowden, and also material related to a secret intelligence court, a U.S. intelligence official said on Tuesday. (Snip) The documents would also include information about the Foreign Intelligence Surveillance Court, the official said. That court operates in secrecy in making decisions on government surveillance requests. The Washington Post reported late Tuesday that senior U.S. officials said one of the orders
Washington - President Barack Obama has asked two senior Republican senators to travel to Egypt to meet with its military leaders and the opposition, as Cairo´s allies struggle with how to address the turmoil convulsing the country. (Snip) U.S. officials have been grappling with how to respond to the situation in Egypt since its elected Islamist president, Mohamed Mursi, was ousted by the military on July 3. In particular, they have struggled with how to handle the $1.55 billion in mostly military aid Washington sends to Cairo each year. Egypt has long been an important U.S. ally
In a significant victory for law enforcement, a federal appeals court on Tuesday said that government authorities could extract historical location data directly from telecommunications carriers without a search warrant. The closely watched case, in the United States Court of Appeals for the Fifth Circuit, is the first ruling that squarely addresses the constitutionality of warrantless searches of historical location data stored by cellphone service providers. Ruling 2 to 1, the court said a warrantless search was “not per se unconstitutional” because location data was “clearly a business record”
Washington - Secretary of State John Kerry said Tuesday that Israeli and Palestinian negotiators would convene again in the Middle East within two weeks and that their goal would be to work out a comprehensive peace agreement within nine months that would lead to an independent Palestinian state. (Snip) “Our objective will be to achieve a final status agreement over the course of the next nine months,” Mr. Kerry said. “We all understand the goal that we’re working towards: two states living side by side in peace and security.” As they resume peace talks that have been moribund since 2010,
Three former high-ranking Penn State officials, including the university’s former president, Graham B. Spanier, were ordered Tuesday to stand trial on charges that they were part of a cover-up related to the child sexual abuse scandal involving the former football coach Jerry Sandusky. After a two-day preliminary hearing this week, Harrisburg District Judge William Werner decided there was enough evidence against Spanier, the retired university vice president Gary Schultz and the former athletic director Tim Curley to proceed with a trial, which could start later this year.
Anti-Christian extremist groups like the ACLU, the Freedom From Religion Foundation and People for the American Way hate God. They also hate America. True America. These "progressive" outfits - along with like-minded politicos, judges, Hollywood elitists and left-wing media-types - hate that this great nation was expressly founded upon the bedrock precepts of the Judeo-Christian tradition. And so, in response, they lash out. They endeavor first to raze our God-blessed America, and then raise, from the rubble, a godless America fashioned in their own secular-socialist self-image.
Last week, Utah Sen. Mike Lee (R.) sent a letter to Senate Majority Leader Harry Reid (D., Nev.), “informing Senator Reid that we will not vote for a continuing resolution that funds Obamacare,” risking a government shutdown if Lee’s objectives are not achieved. While eleven other Senate Republicans have signed on to Lee’s letter, other Republicans are denouncing the move in surprisingly direct language. “It’s not an achievable strategy…and it’s dishonest,” said Sen. Tom Coburn (R., Okla.). “It’s the dumbest idea I’ve ever heard of,” added Sen. Richard Burr (R., N.C.).
Colin Powell has admitted to exchanging ´very personal´ emails with a Romanian diplomat but denies having an affair with the much younger woman after a hacker threatened to release their intimate messages. The 76-year-old retired general told the Smoking Gun that he met Corina Cretu, 45, roughly 10 years ago when she was working as an assistant to the president of Romania. She is now a member of the European Parliament. ´After I left the Department of State in January 2005 we stayed in touch via email,´ he told TSG.
CNN has uncovered exclusive new information about what is allegedly happening at the CIA, in the wake of the deadly Benghazi terror attack. Four Americans, including Ambassador Christopher Stevens, were killed in the assault by armed militants last September 11 in eastern Libya. Sources now tell CNN dozens of people working for the CIA were on the ground that night, and that the agency is going to great lengths to make sure whatever it was doing, remains a secret. CNN has learned the CIA is involved in what one source calls an unprecedented attempt to keep the spy
The United States will temporarily shut down its embassies and consulates around the world Sunday, including those in Iraq, Afghanistan and Egypt, as a precautionary measure, the State Department said Thursday. State Department spokeswoman Marie Harf did not say how long the international installations would stay closed -- only that the decision was taken “out of an abundance of caution and care for our employees and others who may be visiting.” Sunday is a normal workday in many Arab and Middle Eastern countries. Embassies in Europe and Latin America would be shuttered that day anyway.
American scientists claim the planet is undergoing one of the largest changes in climate in the past 65 million years. Climatologists at Stanford Woods Institute for the Environment have warned the likely rate of change over the next century will be at least 10 times quicker than any climate shift since the dinosaurs became extinct. If the trend continues at its current rapid pace, it will place significant stress on terrestrial ecosystems around the world, and many species will need to make behavioral, evolutionary or geographic adaptations to survive, they said.
About 400 area retail and fast-food workers, together with colleagues nationally, participated in a strike Thursday to demand raising the minimum wage to $15 an hour. “If not $15, then something. I mean give us something. I work 36 hours a week and barely make enough to pay my rent, gas bill, light bill. It gets to the point where I barely have enough for lunch sometimes,” said Angel Richardson, 21, who works at McDonald’s. “I’m five months pregnant, what am I going to do in four months? I hope something changes.” The minimum wage is $7.25 nationally and $8.25
Executive Director of Mayors Against Illegal Guns Mark Glaze gave some ambiguous and potentially dangerous self defense advice Friday on “Hardball.” Glaze, speaking in opposition to “Stand Your Ground” laws, said in a circumstance where someone “comes at you” with an axe handle one should attempt to either “talk,” “fight with your fists,” “run away,” or “deescalate the situation,” but not shoot the attacker: MARK GLAZE: Very often somebody will come at you. They might want to have a fistfight. They might come at you with an ax handle. CHRIS MATTHEWS: Would you consider the guy with the ax handle armed or not?
[Video] Ouch. New Jersey Gov. Chris Christie turned down an offer by Sen. Rand Paul to join him for a beer and bury the hatchet in their ongoing -- and very public -- feud. "I´m running for re-election in New Jersey. I don´t really have time for that at the moment," Christie said in an interview on a local radio station. The New Jersey governor said if he finds himself in Washington, "I´ll certainly look him up." But he added: "I don´t suspect I´ll be there anytime soon. I´ve got work to do here."
The administration has popped the bubble of hope some small business had that switching to part-time staff would let them escape the high costs of Obamacare. The Small Business Administration on Thursday created a website to explain to businesses that the government will simply tally up the number of part-time employees firms have to determine if enough hours have been worked to essentially create a "full-time equivalent." Some smaller businesses had thought that if they could get under the 50 full-time employee cap that activates Obamacare by cutting full-time workers and hiring more part-time workers they would escape
Government workers in the city of Seattle have been advised that the terms "citizen" and "brown bag" are potentially offensive and may no longer be used in official documents and discussions. KOMO-TV reports that the city´s Office of Civil Rights instructed city workers in a recent internal memo to avoid using the words because some may find them offensive. "Luckily, we´ve got options," Elliott Bronstein of the Office for Civil Rights wrote in the memo obtained by the station. "For ´citizens,´ how about ´residents?´"
Citing a potential al Qaeda attack, the State Department on Friday issued a worldwide travel alert and warned American citizens that the terrorist group may be plotting a strike in the Middle East, North Africa or elsewhere. “Current information suggests that al Qaeda and affiliated organizations continue to plan terrorist attacks both in the region and beyond, and that they may focus efforts to conduct attacks in the period between now and the end of August,” reads a portion of the alert, which lasts until the end of the month.
Rep. Charlie Rangel (D-NY) suggested on Friday morning that the tea party movement is comprised of the same types of people who fought against the civil rights movement during the 1960s. Speaking with the Daily Beast, Rangel said of the movement: “It is the same group we faced in the South with those white crackers and the dogs and the police. They didn’t care about how they looked. He added that the tea party movement can be defeated similar to how the civil rights movement eradicated Jim Crow mentality: “It was just fierce indifference to human life that caused
The nation´s most active death penalty state is running out of its execution drug. The Texas Department of Criminal Justice said Thursday that its remaining supply of phenobarbital expires in September and that no alternatives have been found. It wasn´t immediately clear whether two executions scheduled for next month would be delayed. The state has already executed 11 death-row inmates this year, and at least seven more have execution dates in coming months. "We will be unable to use our current supply of phenobarbital after it expires," agency spokesman Jason Clark said. "We are exploring all options at this time."