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MOMof3
reply to post by Daedalus
I just do not know where you guys get your facts from. I started paying into Soc Sec in 1968, I can show you my statement. I applied a month before my 62nd birthday and received my first check a month after my 62nd birthday. I use to think it was not going to be there for me either, but I really appreciate it now.
Social Security’s total expenditures have exceeded non-interest income of its combined trust funds since 2010, and the Trustees estimate that Social Security cost will exceed non-interest income throughout the 75-year projection period. The deficit of non-interest income relative to cost was about $49 billion in 2010, $45 billion in 2011, and $55 billion in 2012.
The Trustees project that this cash-flow deficit will average about $75 billion between 2013 and 2018 before rising steeply as income growth slows to the sustainable trend rate after the economic recovery is complete and the number of beneficiaries continues to grow at a substantially faster rate than the number of covered workers. Redemption of trust fund asset reserves by the General Fund of the Treasury will provide the resources needed to offset Social Security’s annual aggregate cash-flow deficits. Since the cash-flow deficit will be less than interest earnings through 2020, reserves of the combined trust funds measured in current dollars will continue to grow, but not by enough to prevent the ratio of reserves to one year’s projected cost (the combined trust fund ratio) from declining. (This ratio peaked in 2008, declined through 2012, and is expected to decline steadily in future years.)
After 2020, Treasury will redeem trust fund asset reserves to the extent that program cost exceeds tax revenue and interest earnings until depletion of total trust fund reserves in 2033, the same year projected in last year’s Trustees Report. Thereafter, tax income would be sufficient to pay about three-quarters of scheduled benefits through 2087.
Political junkies would recognize that level of anti-Republican vitriol and readily identify the perpetrator – Huffington Post. HuffPo, as it is sometimes called, has evolved from a simple news aggregator into one of the most sophisticated propaganda operations the world has ever seen.
The site was started by political chameleon Arianna Huffington, who used to be conservative before she discovered it was far more lucrative to be liberal. The zeros that entrepreneur Huffington paid bloggers for their content came back to her as $20 million to $30 million or more, along with $4 million a year. That was part of the $315 million sale to AOL that turned Huffington into a media mogul and the most powerful propagandist since a guy named Goebbels.
the Obama Administration found some money in their budget to spend on PR to do a pro-media blitz on ObamaCare (cite: 7-14-2013 Forbes "Health Industry Begins Marketing Blitz To Educate About Obamacare," by Bruce Japsen). Much of this government money and funds were supposed to be used to educate the public in case of things like Birdflu, such as where to get vaccinated or what to do to minimize your chances of getting it, however this money was now being diverted for propaganda because no one wants ObamaCare.
Now, not even the unions who are the major Democrat supporters (cite: 7-12-2013 Washington Times "Electrical workers union jumps aboard anti-Obamacare bus," by Cheryl K Chumley), so apparently the Obama Administration PR machine is in full force hoping to use the media to support their last push forward to implement (cite: USA Today "Jarrett is Eager to Engage Before Showdown" 7-30-2013).
Crakeur
If the ACA was so good for so many people, why won't the government tell us how many people signed up in the first week?
www.mediaite.com...
Nobody doubts the ills of our medical and health systems. The solution isn't going to be had by forcing the middle class to pay more or be penalized. All this will do is reduce the household wealth of the middle class, creating an even larger divide between the wealthy and the not wealthy.
Insurance companies staunchly oppose the idea of a government-provided health insurance option, which President Barack Obama and most congressional Democrats support. These businesses fear that implementing a “public option” will eventually lead to “single-payer” health care, which they say would mean the collapse of their industry. Insurers believe that even if they survive the presence of a government competitor in the market, their profits will decline sharply, as the federal government will be able to negotiate for lower premiums and drug costs. Insurance companies, however, support the concept of mandates requiring individuals or their employers to buy coverage, since this would increase the number of potential customers. To date, 47 million Americans lack health insurance. Millions more decry the high costs of care.
The pharmaceutical and health products industry -- it includes not only drug manufacturers but also dealers of medical products and nutritional and dietary supplements -- is consistently one of the top industries for federal campaign contributions. (Pharmaceutical manufacturers are a subset of this industry and are profiled in detail within this section.)
The industry’s political generosity increased in the years leading up to Congress’ passage in 2003 of a prescription drug benefit in Medicare. Contributions from the industry declined in the 2004 cycle, however, following the elimination of unlimited “soft” money contributions to the national political parties. The pharmaceutical industry has traditionally supported Republican candidates. But as Democrats have seized Congress and the White House in recent cycles, industry advocates have steadily become more generous toward traditional foes. These companies’ contributions split evenly during the 2008 cycle, after the GOP received two-thirds of drug company contributions in the run-up to the 2006 cycle
Crakeur
reply to post by kaylaluv
The fact that, after 3 years of planning for the launch, the government couldn't even get the website to work properly is a frightening indication of where this is heading.
Army Of IRS Enforcers Can't Make ObamaCare Legitimate
That's why the behemoth ObamaCare bill sneakily left out the detail that it intended to hire 500 Internal Revenue Service agents to enforce the unpopular mandate, while 300 other IRS operatives would be added to push "free" benefits to the indigent to ensure their complete dependence on the state.
Cost: Half a billion dollars, paid for off-the-books by taxpayers through a massive $1 billion Health and Human Services slush fund that got tucked into the bill.
The only conclusion from this stealth move is that the Obama administration expects massive noncompliance from taxpayers with its unpopular mandate.
And that raises questions about its legitimacy as a law. Passed through trickery, bribery and without a bipartisan majority, ObamaCare is already on shaky ground.
MOMof3
I just do not know where you guys get your facts from. I started paying into Soc Sec in 1968, I can show you my statement. I applied a month before my 62nd birthday and received my first check a month after my 62nd birthday. I use to think it was not going to be there for me either, but I really appreciate it now.
NightFlight
You ever wondered why the IRS is running the ACA otherwise known as ObamaCare? It is because the only way the Supreme Court would uphold it as a law is because the ACA is a TAX. Another unwanted tax by the socialist party(s) in charge of our government.
Obama Care or the ACA is not a real insurance company. It only levies penalties to Americans when they do not have insurance and do not purchase insurance.
I'm still searching for what the ACA does to insurance companies if they refuse to insure an individual. Probably nothing as I personally believe the insurance companies are in on the scam as well.
I wonder if enough Americans file suit could we get this nullified and get big government out of our healthcare as well as stop controlling the majority of our lives.