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Social Security hits six-month mark on cash deficits
21 hours ago ago from Bully Pulpit
(By Ed Morrissey, Hot Air) - The Social Security trust fund has been on a record-breaking losing streak this year. Chuck Blahous , former Deputy Director of the National Economic Council, notes that the fund has operated on a cash deficit for six months in a row — the first time that has happened in the 22 years that the fund has reported on its monthly status on line. It signals that the fund will go broke faster than anyone predicted: ...
Related contentBlahous: Social Securitys Grim Milestone: Half a Year in the Red
19 hours ago ago from The Roosevelt Room |
As published for Economics 21 on December 8, 2009: Data recently made public by the Social Security Administration confirm that in October, 2009, the program reached a grim milestone: six consecutive months of operating cash deficits. This is the first time Social Security has faced this situation over the entire time period, dating back through 1987, for which SSA posts the monthly data online. From May through October ...
Related contentSocial Security is a ponzi scheme
1 day ago ago from The Real Deal
Lew Rockwell.com: For the third time in my life, the Social Security System will go belly-up. (snip) Unless there is another Social Security tax increase in 2010, the system will go into red ink mode and stay there. The public has not been informed of this, which comes as no surprise. There have been a few scattered stories on the Web, but nothing sustained. The media do not want to admit that the jointly operated Social Security ...
Related contenttaxalicious
1 day ago ago from taxalicious.com
taxalicious.com Search the Web: Social Security Law Social Security Information Social Security Gov Social Security Income Social Security Medicare The Social Security Administration Social Security Application Sponsored Results for Social Security Taxes Social Security Tax Directory of payroll tax solutions. Find providers. www.business.com Calculate Federal Withholding ...
Related contentStryker Corporation s Instruments Division Issues Worldwide Class 1 Recall of 23 Operating Room System II Surgical Navigation Systems; Catalog numbers 7700-100-000 and 7700-101-201
5 hours ago ago from Social Security Network
Portage, Mich., Nov 4, 2009 Stryker Corporation s Instruments division initiated a worldwide, Class 1 recall of 23 Operating Room System II Surgical Navigation Systems because there is a potential for the navigation PC SPC-1 component to stop working which could result in the screen freezing, the system updating at a slow rate, or not responding at all. The potential harms associated with this failure are: delay in surgery, reschedule of the ...
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Abt Associates to Lead Demonstration Project For Social Security Administration
18 hours ago ago from Good News Now
CAMBRIDGE, Mass., Dec. 8 /PRNewswire/ -- The U.S. Social Security Administration has awarded Abt Associates a contract to implement and evaluate the Benefit Offset National Demonstration (BOND). The demonstration, mandated by Congress in 1999, will determine whether retaining benefits at higher levels of earnings will increase employment and income for recipients of Social Security Disability Insurance (SSDI). For many years, there has been ...
Related contentFor Older Workers, a Reluctant Retirement
18 hours ago ago from Wall Street Journal
Linda Conti isn't ready to hang up her business attire just yet at age 64. But the unemployed trade association executive isn't sure she has much choice in the matter. "I feel like I've been forced into retirement," says the former director of membership for a construction industry group in Southern California. "And I'm not ready to retire." Ms. Conti is among a growing legion of unemployed older workers who say the recession is leading ...
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