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.

In addition, ...for every 1.67 Americans who worked full-time in the private sector in 2011, there is now 1 person collecting benefits from the Social Security administration.
http://cnsnews.com/news/article/social-s...record-december

We simply cannot sustain this much longer. It's gross insanity to do so.

We are beyond screwed .........................

Quote: W-Girl wrote in post #2

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We are beyond screwed .........................

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Truly well beyond screwed and on our way to a massive economic melt down.

We have the best government global corporations and global finance can buy. The enemy within, their useful idiots, and those driven by rapacious greed have been on a global spending spree with tax payer dollars for a long time. At the same time they have been eviscerating our economy off-shoring manufacturing and jobs, flooding the country with cheap labor and liberal users of our safety net.

I find it interesting and irritating that the first thing politicians, journalists, and financial analysts discuss regarding the financial cliff is cutting Social Security and Military pensions. It's like a knee jerk reaction.

There are so many other places spending could be cut first. Here are a few of the more egregious examples of tax payer money being squandered. I purposely included some example of agencies such as the CDC, EPA, and DHS distributing foreign aid through their budgets.

Anchor babies, illegals, new immigrants, and their respective extended families cost taxpayers NET Hundreds of Billions per year.
Depending upon whose count of illegals one uses that was the total NET cost is between $ 113 Bilion and $1/3 trillion NET per year. Study July, 2010

Low wage immigrant households cost tax payers NET ~$ 20,000 Net per household).
At 4,550,000 [households] x $19,588 [net deficit per household] = $ 89,125,400,000 in 2004 i.e. ~$ 90 Billion. 2007 Study.

Blatant fraud in Medicare and Medicaid costs $ 900 Billion per year. IBM's offer to fix for free was turned down. Blatant fraud includes unscrupulous doctors billing for over 24 hours per day of procedures, phony companies invoicing for phantom services, pharmacists filling prescriptions for dead patients, home health-care companies demanding payment for treating
clients actually in the hospital, routine double billing. 2010

$ 4.2 Billion in tax credits for illegals from the IRS through ACTC {Additional Child Tax Credit} 2011

The entire Department of Education ($ 71,333,000,000) 2006
The entire Department of Housing and Urban Development ($ 46,277,000,000) 2006
International Assistance Programs ($ 25,502,000,000) 2006
The entire Department of Energy ($ 34,215,000,000) 2006

Paying college tuition for students from China ($ 8 Billion per year) 2005

Fixing up ramshackle Mexican trucks that will put Americans out of work. Funding through the EPA

Sponsoring green technology overseas. Funded through the EPA.

Paying for post doctoral degrees for Indian scientists. Funding through the CDC.

Unknown $$$ on job fairs for illegals funded by DHS.

Over $ 100 Million for environmental program in like China, Thailand and Indonesia .Funding by the EPA.

Unknown $$$ Setting up at least 7 CDC labs overseas. Funded by the CDC.

Nationa building / aka setting up the Moslem Brotherhood and al-Quaeda in Libya, Egypt, Syria.

Thanks for a meaty worthy post, Algernon.

The evil doers are champing at the bit to pull everything down around our ears.

You may be interested in this thread:

EX-FEDS & WALL ST EXECS ARE GOING INTO HIDING--WHY?; WE ARE PREPARING 4 MASSIVE CIVIL WAR--DHS INFORMANT {KICK PREPPING INTO HIGH GEAR?}

Quote: algernonpj wrote in post #4

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Truly well beyond screwed and on our way to a massive economic melt down.

We have the best government global corporations and global finance can buy. The enemy within, their useful idiots, and those driven by rapacious greed have been on a global spending spree with tax payer dollars for a long time. At the same time they have been eviscerating our economy off-shoring manufacturing and jobs, flooding the country with cheap labor and liberal users of our safety net.

I find it interesting and irritating that the first thing politicians, journalists, and financial analysts discuss regarding the financial cliff is cutting Social Security and Military pensions. It's like a knee jerk reaction.

There are so many other places spending could be cut first. Here are a few of the more egregious examples of tax payer money being squandered. I purposely included some example of agencies such as the CDC, EPA, and DHS distributing foreign aid through their budgets.

Anchor babies, illegals, new immigrants, and their respective extended families cost taxpayers NET Hundreds of Billions per year.
Depending upon whose count of illegals one uses that was the total NET cost is between $ 113 Bilion and $1/3 trillion NET per year. Study July, 2010

Low wage immigrant households cost tax payers NET ~$ 20,000 Net per household).
At 4,550,000 [households] x $19,588 [net deficit per household] = $ 89,125,400,000 in 2004 i.e. ~$ 90 Billion. 2007 Study.

Blatant fraud in Medicare and Medicaid costs $ 900 Billion per year. IBM's offer to fix for free was turned down. Blatant fraud includes unscrupulous doctors billing for over 24 hours per day of procedures, phony companies invoicing for phantom services, pharmacists filling prescriptions for dead patients, home health-care companies demanding payment for treating
clients actually in the hospital, routine double billing. 2010

$ 4.2 Billion in tax credits for illegals from the IRS through ACTC {Additional Child Tax Credit} 2011

The entire Department of Education ($ 71,333,000,000) 2006
The entire Department of Housing and Urban Development ($ 46,277,000,000) 2006
International Assistance Programs ($ 25,502,000,000) 2006
The entire Department of Energy ($ 34,215,000,000) 2006

Paying college tuition for students from China ($ 8 Billion per year) 2005

Fixing up ramshackle Mexican trucks that will put Americans out of work. Funding through the EPA

Sponsoring green technology overseas. Funded through the EPA.

Paying for post doctoral degrees for Indian scientists. Funding through the CDC.

Unknown $$$ on job fairs for illegals funded by DHS.

Over $ 100 Million for environmental program in like China, Thailand and Indonesia .Funding by the EPA.

Unknown $$$ Setting up at least 7 CDC labs overseas. Funded by the CDC.

Nationa building / aka setting up the Moslem Brotherhood and al-Quaeda in Libya, Egypt, Syria.

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Quote: Quix wrote in post #5

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Thanks for a meaty worthy post, Algernon.

The evil doers are champing at the bit to pull everything down around our ears.

You may be interested in this thread:

EX-FEDS & WALL ST EXECS ARE GOING INTO HIDING--WHY?; WE ARE PREPARING 4 MASSIVE CIVIL WAR--DHS INFORMANT {KICK PREPPING INTO HIGH GEAR?}

. . .

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