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Thread: Social Security fund to go into the red in 2020; will be completely bankrupt by 2035Ö

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  1. #1
    Senior Member Airbornesapper07's Avatar
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    Social Security fund to go into the red in 2020; will be completely bankrupt by 2035Ö

    Social Security fund to go into the red in 2020; will be completely bankrupt by 2035… governments will desperately find a way to kill off populations around the world

    Sunday, April 28, 2019 by: Lance D Johnson
    2,09 0Views


    (Natural News) According to the 2019 annual report published by the Social Security and Medicare Board of Trustees, the Social Security fund will go in the red in 2020 and could potentially go bankrupt by 2035. If nothing is done to boost revenue or re-configure how the money will be distributed, then countless retirees, disabled persons, widows, and surviving children will be left with little to no funds to help them navigate through the most uncertain times in life.

    The sad part about this shortage is that Social Security is not welfare; this trust fund is not dependent on tax money. Workers pay into the Social Security system during their working years. The system acts as an insurance once a person retires. The benefits are also paid out to disabled persons, widows, and dependents of deceased parents.
    Due to the projected shortages, the U.S. government has a perfect opportunity to begin culling the population over the next three decades, restricting what is paid out through the Social Security safety net. As school textbooks teach children about the problem of “overpopulation,” the government obviously views humanity as a liability.
    Social Security may not survive long past its 100th birthday

    The Social Security program has been in place for 84 years and has collected approximately $21.9 trillion. In that time, the program has paid out roughly $19 trillion. The program currently has a reserve of about $2.9 trillion, which is divided among two trust funds. In 2020, the amount being paid out will supersede the amount coming in, forcing the program to dig into its reserves. With the trend continuing over the next decade, social security reserves will be dried up by 2035, drastically impacting vulnerable subsets of the population.

    The report warns “that lawmakers [should] address the projected trust fund shortfalls in a timely way in order to phase in necessary changes gradually and give workers and beneficiaries time to adjust to them.” The Trustees said, “Implementing changes sooner rather than later would allow more generations to share in the needed revenue increases or reductions in scheduled benefits.”
    The recent decline in birth rates is slowing the amount of money coming in. The number of baby boomers who are reaching retirement age is dramatically increasing, causing a spike in beneficiaries. Young workers may soon have to pay more into Social Security in order to keep the program solvent for their parents. The retirement age for beneficiaries may have to be increased in order to stall the amount of money going out.
    Not to mention, the benefit amount for retirees is losing its real-world purchasing power. Because of runaway government spending, inflation has weakened the purchasing power of the dollar. The amount of money that retirees will receive in ten years will not go nearly as far as the same amount did ten years ago.
    Social Security shortage opens the door for more population control

    In order to keep society’s safety net limping along, central planners may embrace subtle population control methods. To reduce the number of beneficiaries in the Social Security system, the government may have no choice but to cull the population. This can be achieved through healthcare. False positive cancer diagnoses are common and trick people into getting aggressive cancer treatments that make the body frail and the immune system weak.
    Because of its shortfalls and the runaway inflation of the dollar, the Social Security system will soon become a vessel to manipulate the population. A new Counter Think segment by Mike Adams called, “The Annihilation Agenda” breaks down the ways in which the government openly promotes the extermination of people. This extermination is encouraged by the mass prescription of psychiatric drugs that destroy empathy and impulse control, leading to mass shootings and erratic, suicidal behavior. Whether it’s legalization of physician-assisted suicide, the legalization of infanticide, the constant inciting of hate from liberal media, the mass production of sterilizing chemicals in vaccines, or the suppression of human knowledge via social media censorshipself destruction of the population is the end goal.

    Sources include:

    WSJ.com
    SSA.gov [PDF]
    LessonPlanet.com
    Brighteon.com
    NewsTarget.com
    NaturalNews.com
    NaturalNews.com
    NaturalNews.com
    NaturalNews.com
    NaturalNews.com

    https://www.naturalnews.com/2019-04-...t-by-2035.html
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    Senior Member Beezer's Avatar
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    CUT OFF ALL FOREIGN AID, SLAM THE BORDER SHUT, AND PAY OUR MONEY BACK!!!
    Airbornesapper07 likes this.
    TO BECOME AN AMERICAN YOU MUST CHANGE YOUR VALUES ...NOT YOUR LOCATION

    STAY HOME AND BUILD AMERICA ON YOUR SOIL

  3. #3
    Senior Member Airbornesapper07's Avatar
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    Social Security Will Cross Another Dangerous Milestone Next Year



    And next year there will be just 2.7 workers paying into Social Security for each retiree - below the minimum necessary to sustain the program. After that it will keep falling...

    Wed, 05/01/2019 - 16:45
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    In the year 1890, according to census records, my great-great-grandfather was spending the final years of his life living with one of his children on a farm in Choctaw County, Oklahoma.
    Iíve spent most of the last twenty years doing some hardcore research into my family historyĖ and Iíve identified records going all the way back to 1250 in England.
    And one common theme that Iíve noticed: when people reached a certain age, they almost invariably moved in with their kids and grandkids.
    This is what Ďretirementí used to mean; it was simply expected that younger generations would look after older generations.
    And back then, since households were quite large, there were usually 4-6 other people in the home to look after great-great-grandpa.
    This arrangement might sound quaint and outdated. But itís still the fundamental premise behind many retirement plans, including Social Security in the Land of the Free.


    Itís still the younger generations taking care of the older generations. Thatís the way the system functions: younger people pay taxes to fund benefits for older people who have retired.
    So you can see the similarities:
    Hundreds of years ago it would be your kids doing the work to take care of you in retirement. Today itís everyoneís kids, collectively, doing the work to take care of every retiree.
    Hundreds of years ago it took several other people in a household to care for the elderly. Today it takes a certain number of workers paying into the system to support each retiree receiving benefits.
    They call this the Ďworker-to-retiree ratioí.
    And the Social Security Administration (SSA) has said that they need a MINIMUM of 2.8 workers paying into the system for every one retiree collecting benefits.
    You can probably see that maintaining this delicate balance requires steady population growth; every generation has to be large enough to support the previous generation.
    If population growth trends get too far out of whack, it means there will either be too few workers, or too many retireesÖ
    And thatís exactly whatís happening now: people are simply having fewer children.
    In the Land of the Free, birth rates are the lowest levels EVER since they started keeping records decades ago.
    And this has been a long-term problem: fertility rates were already in decline when the 2008 financial crisis accelerated the trend.
    Researchers estimate that 4.8 million babies were never born as a result of the Great Recession.
    Some of the reasons are pretty obviousĖ kids are expensive. And they arenít getting any cheaper.
    You used to be able to raise a family on a single income. Today, the average household can afford one, maybe two kids. And thatís with both parents working.
    Unsurprisingly, as the fertility rate has fallen over the years, so has Social Securityís worker-to-retiree ratio.
    Itís already dangerously low.
    And next year there will be just 2.7 workers paying into Social Security for each retiree - below the minimum necessary to sustain the program. After that it will keep falling.
    In 2034, when Social Security estimates its trust funds will run out of money, there will only be 2.3 workers per retiree.

    And just to pile it on, technological automation is poised to radically change the workforce.
    In 10-15 years, youíll see entire professions replaced by robots and AIÖ neither of which pays into the Social Security system.
    Itís not just the US thatís grappling with this either.
    Finlandís fertility rate is below the US rate. They based their healthcare system on the same faulty assumption, that the population will continue to grow.
    Yet now there arenít enough young people paying into the system to support the older people who use more healthcare.
    Most of Europe is even worse off. The combined EU fertility rate is just 1.59 babies over the course of a womanís lifetime, well below replacement levels.
    Japan is far more restrictive on immigration compared to the US and EU, and is on the cutting edge of automation. Japanís fertility rate is just 1.4 and it has one of the oldest populations in the world.
    The one-child policy that China had in place for decades is already putting a strain on the burgeoning middle class. By 2050, 44% of the population is expected to be dependent elderly.
    We talk about this issue so much because itís important to recognize that monumental change is coming. The entire way retirement is structured, since long before Social Security, is coming to an end.
    You canít rely on the next generation for retirement anymore. To be secure, you have to take matters into your own hands.
    If youíre retired now, or are about to retire, you might be fine. You can probably ride it out before the entire system has to reset.
    But if youíre 50 or younger, Social Security will run out of money before youíre able to start collecting.
    The younger you are, the surer you can be that these retirement systems wonít be available to you. But that also means you have time to do something about it.
    Several countries have options for self-directed retirement accounts. In the US, a solo-401(k) is a great option for anyone with side or self-employment income.
    And in addition to the flexibility and freedom you have to invest with a solo-401(k), you get to contribute money before itís taxed.
    Thatís important, because unfortunately, you are still going to be expected to pay into Social Security, even though you might never collect it.
    And as the politicians try desperately to save these programs, you can expect to pay higher taxes.
    Any money you can save on taxes and funnel into your private retirement account will be compounded year after year instead of flushed down the toilet.
    And there is absolutely no downside in doing this. Worst case scenario: Social Security is miraculously saved, and you have extra money for your retirement. Not exactly a bad outcome.
    Check out our recent podcast to see how you could use a solo-401(k) to tuck some extra money away for retirement.
    And to continue learning how to ensure you thrive no matter what happens next in the world, I encourage you to download our free Perfect Plan B Guide.

    https://www.zerohedge.com/news/2019-...tone-next-year

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