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 Update: March 22, 2010

Social Security Going Bankrupt Way Ahead of Schedule!

For years the politicians have been telling us the Social Security System was on solid financial ground until at least 2041.

But that rosy projection is based on the assumption that our economy will keep on expanding at a three percent rate. And it didn't take into account that we'd experience a nasty mortgage meltdown!  

So obviously a new calculation must be made. About three months ago the government admitted that the 2041 date was unrealistic. So they came up with a new date - 2032.

Then for the past year they've said nothing. Our entire government went silent on the issue, not wanting to alarm people.

Then in the first week of February (2010) they release the shocking news - as of now the social security system is paying out more than it's taking in! RIGHT NOW!

The old predictions didn't take into account all the baby boomers who are unemployed and therefore qualify for the early social security retirement benefits which start at age 62.

As bad as the social security mess is, the Medicare crisis is much worse. Medicare began paying out more than it took in back in 2008.

Our 78 million "baby boomers" have already begun to file for retirement benefits from social security. The number of them filing will explode over the next few years.

The party is over. It was fun while it lasted but now it's gone. As a nation we've been living far beyond our means for decades and now the bill is coming due. Some very hard times are ahead!

Order my report now and learn how to protect yourself and your family from the coming economic chaos. Order Now - Before it's Too Late!

 
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