Social Security

Looting America: It’s the End of the World As We Know It

07-20-2010 • philstockworld.com/

The 1983 payroll tax hike has generated approximately $2.5 trillion in surplus Social Security revenue which is supposed to be in the trust fund for use in paying for the retirement benefits of the baby boomers. But the trust fund is empty!

Social Security

Social Security Payouts Are Crippling The Government This Year

06-10-2010 • Businessinsider.com/

-I am stunned by the continued drop in FICA/SECA tax receipts. There are many metrics on the overall economy that have shown YoY improvement. The SS revenue numbers are telling us something different.