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Did obama just admit Social Security is broke?

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hypocritexposer

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"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it,"

http://www.cbsnews.com/8301-503544_162-20078789-503544.html


...but the revenues coming in are enough to cover SS....


"Thus, the new tax revenue of $296.176 billion the federal government took in between May 16 and July 7 was enough to pay the federal government­’s $14.632 billion in interest obligation­s during that period 20 times over.

Also during that same period, the federal government­’s combined expenditur­es for interest payments on the national debt, Medicare, Medicaid, Social Security, the Veterans Affairs department and federal workers wages and insurance benefits equaled $270.151 billion.

http://www.cnsnews.com/news/article/federal-tax-revenues-have-exceeded-inter
 

lightninboy

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It seems like it at first, but then realize that even if S.S. has money in it, it takes staff to get the checks out.
 

Trinity man

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If they would quit funding other countries and deal with the problems we have here at home, then the money would be there. O I forgot Obama is in office he must have voted himself a raise.
 

hypocritexposer

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Trinity man said:
If they would quit funding other countries and deal with the problems we have here at home, then the money would be there. O I forgot Obama is in office he must have voted himself a raise.


There's lots of money to go around, if it wasn't for the: duplication, waste and fraud.
 

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