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Update: January 20, 2011
Social Security
Going Bankrupt
- Way Ahead of Schedule!
For years the politicians have been telling us that the Social Security
System would be on solid financial ground until at least the year 2041.
But that prediction is based on the assumption that our economy
will keep on expanding at a red hot rate and new job creation will be
robust. It didn't take into
account the mortgage meltdown and the nasty economic recession it left
in it's wake!
So obviously a whole new calculation is in order. About three months ago
the government admitted that the 2041 date was unrealistic. So they came
up with a new date - 2032.
Then the feds went strangely silent. They didn't say a thing about
social security for
months - not a whimper was heard.
Then came the shocking news in the summer of 2010 -
first revealed on ABC 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
now find themselves unemployed and qualified to collect early social
security retirement benefits at age 62. Instead of the expected 20%
taking the early retirement - over 60% filed for it!
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
over. 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! |
