Daily Archives: August 21, 2011

Government IOU’s: will they ever pay it back?

By Bob L.       When are they going to be honest with the American People?

No Way Will I Pay It Back

I remember a few months back that the Social Security Administration told the Government to start paying back their IOU’s, Now has the Government paid their bill like Obama says, or was he just blowing smoke that he pays his bills on time, why has no one checked to see if they are paying their IOU’s, or are they still spending Social Security on things other than Social Security.


Social Security disability on verge of insolvency

Sun. 8-21-11
WASHINGTON — Laid-off workers and aging baby boomers are flooding Social Security’s disability program with benefit claims, pushing the financially strapped system toward the brink of insolvency.

Applications are up nearly 50 percent over a decade ago as people with disabilities lose their jobs and can’t find new ones in an economy that has shed nearly 7 million jobs.

The stampede for benefits is adding to a growing backlog of applicants — many wait two years or more before their cases are resolved — and worsening Continue reading

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