SOCIAL SECURITY FUNDING SOURCE SOCIAL SECURITY FUNDING OBLIGATIONS GOING DOWN 94.29 % 91.43 % 88.57 % 85.79 % $ 442 $ 496 $ 516 $ 564 $ 580 2006 $14,061 2007 $14,369 2008 $14,119 2009 $14,750 2010 2.857 % 3.30 % 3.53% 3.59 % 3.99 % 4.00% ALL PAY THE SAME BASE LINE ASSESSMENT (BLA) <$106,800 12.4 % $250,000 5.29 % $500,000 2.65 % $1,000,000 1.32 % $10,000,000 .013 % $5,000,000 .026 % BILLION TRILLION $5 TRILLION PLUS NET LOSS WHO SHOULD PAY Since 1983 2.54 trillion dollars of Social Security trust fund retirement dollars, have been turned into 2.54 trillion dollars of SS debt That was retirement dollars paid in for the purpose of funding the now retiring78 million baby boomers Every excess retirement dollar was transferred to the general revenue fund and used to subsidize income & corporate tax rates G D P $13,399 4.00% 12.4 % _ = 8.4 % Honor current Social Security obligations without revision until the retiree expires. Return Social Security funding to a pay as you go taxing structure Phase out NEW Social Security retiree obligations over a 35 year period. Establish new ICIRAs for every American who currently draws a paycheck subject to Social Security taxation. Broaden Social Security funding base, and assess the SS obligations on a fair and equitable basis Establish new member owned CIPs in every one of the 3,140 counties & parishes across the United States. Establish a new funding source for local bonding requirements; schools, bridges, roads, etc. (Wall Street Banksters no longer needed) Provide a safety net, or an insurance policy to protect against catastrophic losses in the individual retirement accounts (ICIRAs). Turn the current 2.5 trillion dollar social security special obligation bond (IOU) liability into a 2.5 trillion dollar contingent liability. Establish county, congressional district, and state Original District Founder oversight boards 97.14 % Current SS trust fund special obligation bonds are used as a safety net to secure ICIRAs . As ICIRAs grow, the special obligation bond liability decreases SOCIAL SECURITY – THE ISSUE AND THE PLAN WWW.SOCIALSECUURITYSOLUTION.ORG – GENERATIONS WORKING TOGETHER