Social Security System is running ‘in the red’ – lOUs now being redeemed to fund current obligations

The Burning Platform –  Jim Quinn (Excerpts):

“Liberals hate math. The Social Security System has an unfunded liability of $18 trillion. This means our politicians have promised $18 trillion more than they can possibly pay out.”

“99% of all Americans don’t understand what unfunded liability even means.”

“The Social Security system had a negative cashflow of $47.8 billion last year, after running a $48 billion deficit the year before. You may notice that 77% of this deficit was created by the SSDI program, where the depressed masses gather after their 99 weeks of unemployment run out.”

“There are nothing but IOU’s in the [Social Security] vault. The $2.7 trillion is long gone. The U.S. government had to borrow $47.8 billion to fund SS last year. They will have to borrow over $50 billion this year. There will be 10,000 per day turning 65 for the next decade. The borrowing will rise exponentially. If the $2.7 trillion actually existed, why would we need to borrow?”  Full article

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The Leviticus 25 Plan will deliver liquidity direct to American families, allowing Americans to reduce / eliminate debt.  Before the economic storm hits.

Updated version: The Leviticus 25 Plan – An Economic Acceleration Plan for America 2014 (6)

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