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Old 12-23-2008, 10:18 AM   #1
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Default US Treasury chief says Social Security financially unsustainable

The Raw Story | US Treasury chief says Social Security 'unsustainable'

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US Treasury Secretary Henry Paulson said Tuesday that America's Social Security program for the retired is "financially unsustainable" and needs an urgent overhaul.

Paulson, speaking after a government panel had completed its annual assessment of the Social Security and Medicare benefits programs, said waves of retiring Americans threaten to soon deplete available funds stockpiled in the two programs.

Paulson said the Social Security program's cash flows are projected to turn negative in under 10 years and that a Social Security trust fund would likely be exhausted in 2041 without urgent reform.
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Old 12-23-2008, 02:06 PM   #2
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Default Re: US Treasury chief says Social Security financially unsustainable

Isn't Social Security run by Madoff?
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Old 12-23-2008, 02:43 PM   #3
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Default Re: US Treasury chief says Social Security financially unsustainable

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Originally Posted by atomdomb View Post
Isn't Social Security run by Madoff?
No Madoff was the one charged with oversight of Wall Street..
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Old 12-23-2008, 03:06 PM   #4
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Default Re: US Treasury chief says Social Security financially unsustainable

How is this news? People have known this for years, and have been saying this very thing...if Paulson is just now realizing it, he's dumber than I thought.
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Old 12-23-2008, 03:58 PM   #5
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Default Re: US Treasury chief says Social Security financially unsustainable

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No Madoff was the one charged with oversight of Wall Street..
Really? I did an in-depth analysis of social security and came to the conclusion it must be run by Madoff.
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Old 12-23-2008, 04:07 PM   #6
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Default Re: US Treasury chief says Social Security financially unsustainable

Paulson needs to just be quiet and leave
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Old 12-23-2008, 08:16 PM   #7
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Default Re: US Treasury chief says Social Security financially unsustainable

This is great ... I have diapers and rice in my future ...
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Old 12-23-2008, 08:29 PM   #8
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This is great ... I have diapers and rice in my future ...
at least you'll get a discount when you work at walmart
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Old 12-23-2008, 10:44 PM   #9
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Default Re: US Treasury chief says Social Security financially unsustainable

Gotta love gubmit.
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Old 12-24-2008, 07:07 AM   #10
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Default Re: US Treasury chief says Social Security financially unsustainable

Message to every American under 40:

Either begin saving NOW for your retirement or plan a move to Scandanavia.

THERE WILL BE NOTHING FOR YOU FROM SS!
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