Social Security - The Issue & The Plan

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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 % 97.14 % 2.54 Trillion dollars of special obligation bonds used as a insurance securing ICIRAs . As ICIRAs grow, the special obligation bond liability decreases SOCIAL SECURITY – THE ISSUE AND THE PLAN WWW.SOCIALSECUURITYSOLUTION.ORG – GENERATIONS WORKING TOGETHER DID YOU KNOW THAT? J O I N U S T O D A Y C O M P R E H E N S I V E C O M M U N I T Y B A S E D C O N S T I T U T I O N A L L Y G R O U N D E D

Summary: broadening the social security funding base, and managing future social security obligations

Tags: social security solution funding retiree obligation iou

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