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Rumor Mill News Reading Room, Current Archive

Who Stole Your Social Security and Why?

Posted By: RumorMail
Date: Tuesday, 13-Oct-2020 19:30:57
www.rumormill.news/155901

In Response To: Trump: While I Am President, Nobody Will Touch Your Social Security.. Again (RumorMail)

Proof That Obama STOLE Over $1 BILLION From Social Security – You Won’t Believe Who He Gave It To!
by Thomas Robertson 4 years ago

On Friday, the Office of the Inspector General released the results of a recent audit, which showed thousands of cases of benefits being paid to individuals without Social Security numbers. The amount totaled over $1 billion.

To add insult to injury, the report also showed that since 2004, over $800 million went to individuals whose access to benefits were supposed to have been revoked.

Furthermore, We the People will be paying over $180 million per year in benefits. We’ll continue to pay individuals with no Social Security numbers if we don’t take urgent action to correct this problem.

This is Obama’s government, patriots. This is what the Democrat side of the aisle stands for these days.

They’ll cry to the heavens about Barron Trump receiving Secret Service protection that involves taking him to school, because radical liberals are threatening a child and his mother, but they’ll laugh at the fact hundreds of millions of dollars are wasted every day to pay for people that don’t even belong in this country.

It’s bad enough they’re getting our money, but we have proven that, in a significant amount of cases, the money isn’t even being used for the purpose for which it is issued.

Instead of paying to keep their homes heated, people are using the money to buy drugs. Instead of putting food on the table to feed their children, they ship the money over the Mexican border so THEIR country’s laziest people can mooch off of it.
https://en-volve.com/2017/04/07/proof-that-obama-stole-over-1-billion-from-social-security-you-wont-believe-who-he-gave-it-to/


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Social Security is not an abstract concept. It is not a series of numbers on a chart. It is life and death to one out of five senior citizens over 65. For all the retired it represents about 40% of their income and for current, about-to-retire seniors, it may well be more than half their livelihood. It’s not a game. It’s not amusing or irrelevant.

For some people retiring now and in the next few years, Social Security may represent the vast majority of their income. And yet, Social Security, which has been running a surplus…surplus…since 1984 is said to be running out of funds. How is that possible? Someone took the money and spent it. If I come into your house and take your money and spend it, that is called “theft.” I stole your money.

By 1984, the Social Security surplus was already $300 million, up from a minus of about $8 billion in 1982. It then quickly went up to $9.4 billion, $16 billion, $20 billion and in 1988, the year George H.W. Bush was elected, it was $39 billion. Eventually, surpluses would average well over $100 billion a year. So what’s the problem? By 2003, we had already set aside–or so we thought–$1.5 trillion and growing for the security of the system when the Baby Boomers retired and beyond.

Next came Clinton, who tried to do something about the deficits, which is about all that can be said for him. In 1993, he still had a deficit of $300 billion and although they went down every year ($258 b, $226 b, $174 b, $103 b, $30 b, and then went positive…$1.9 b and $87 b, he continued to spend our Social Security. For example, in 1998, when the deficit was $30 billion, the announced government surplus was $69.2 billion. But that was by using $99.2 billion of the Social Security surplus.

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RMN is an RA production.

Articles In This Thread

Trump: While I Am President, Nobody Will Touch Your Social Security.. Again
RumorMail -- Wednesday, 14-Oct-2020 10:33:19
Who Stole Your Social Security and Why?
RumorMail -- Tuesday, 13-Oct-2020 19:30:57
Reader: I can verify this is TRUE and THEN SOME
RumorMail -- Tuesday, 13-Oct-2020 19:30:57
Reader: NAZI ADOLPH BING UNMASKED PART1 Why do you think they call it a Bing Search?!
RumorMail -- Wednesday, 14-Oct-2020 10:33:19

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AN EXPLANATION OF THE FACTIONS