Social Security Administration Makes CHILLING Announcement – Senior Citizens Affected…
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The most recent audit of the pyramid scheme that is the Social Security Administration has uncovered some bone-chilling facts.
This past week the Social Security Administration’s inspector general revealed that just over 300 conferences cost taxpayers roughly $100,000 each in travel, meals, and lodging expenses during a three-year period.
300 conferences in 3 years? That’s about one conference every 3 to 4 days. What do they need to talk about every 3 to 4 days? How to continue ripping off the American Tax Paying peasant? Social Security is already insolvent, how do they get away with doing this. When did our government become just a vehicle used to rip off its citizens of their hard earned money?
Forbes Reports:
Social Security Insolvency: When And What To Do
When is Social Security going under? Before you can collect?
Bad news: The system is already bust. More money is going out in benefits and overhead ($714 billion a year) than is coming in from payroll taxes ($646 billion). For now, the government is covering the shortfall the way it pays for other things: by borrowing, collecting income tax and printing money.
There’s supposed to be $2.7 trillion set aside in a trust fund to cover Social Security benefits. It turns out that this fund is a fiction. The savings account is empty.
No, benefits are not going to be sliced right away. But the insolvency of the Social Security Administration means that down the road big changes are inevitable in payroll taxes or benefits or both. These will not be good. The purpose of this essay is to look at what changes are possible and how you can defend yourself.