Copyright © 2010 AmeriCareToday It’s their future, and we have an obligation to protect it Copyright AmeriCareToday 2009 Lifted seniors out of poverty Takes more of workers paychecks Good Bad Ugly Pay in advance taxing scheme of 1983 AARP, it’s about All About the Rest of the People 2 www.aarp2.com S o c i a l S e c u r i t y The More You Make The Less Percent You Pay Exempt from Social Security tax Subject to Social Security tax Every year a Social Security wage cap is established $106,800 12.4 % 2 % $3,000 SOCIAL SECURITY PAC MAN IS BORN 15 % 20 % 30 % The Government Can POLITICIANS ARE USING SOCIAL SECURITY TO CREATE A WELFARE STATE THE ROLE SOCIAL SECUIRTY BENEFITS PLAY IN CREATING RETIREMENT WELFARE 1970 Greater by 20 % 2010 $39,423 $106,800 Only 37 % Average Annual Wages SS Wage Cap 1990 Only 56 % Social Security Retiree Benefits $9,350 $7,800 R E T I R E M E N T W E L F A R E $28,930 $51,300 Average wages greater than Social Security wage cap As long as your average annual wages over a period of time meet or exceed the Social Security annual wage cap you’ll receive maximum Social Security retiree benefits Social Security retiree benefits are reduced because annual wages didn’t increase the same percent as the Social Security wage cap Social Security retiree benefits are reduced even further because annual wages didn’t increase the same percent as the Social Security wage cap WHO ARE THESE PEOPLE I’m your representative, and I’m here to help you Up 209% Up 46 % Up 558 % Up 108 % 1 3 6 9 4 2 9 Social Security – From inception to 1983 $1 Of SS Retiree Benefits Out $1 In $1 Out PAY AS YOU GO $1 Of SS Tax Money In Maximum Special Obligation bond debt up until 1983 25 Billion Dollars Social Security Going Bankrupt $5 Of SS Tax Money In $4 Of SS Retiree Benefits Out COVER UP DECEPTION DECEIT Shown as an asset on the Social Security trust fund balance sheet Same retirement dollar shows up as income on the general revenue fund ledger PERCENT SOCIAL SECURITY GETS WAGES SUBJECT TO SS TAX The Government Can We Play - You PAY The wheels are coming off $2.54 Trillion Asset Finance Wars Fund Tax Cuts Pay For Earmarks $2.54 Trillion Debt Need Our Money Have NO Money WHO PAYS THIS TIME?? A 5 TRILLION DOLLAR NET LOSS Social Security Trust Fund Reserve General Revenue Fund Account They Renege We’ll Form A Committee Every Weekday – 9am (eastern) The Government Can Radio Show http://www.blogtalkradio.com/pappyg 3,942,000