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Social Security Administration Makes CHILLING Announcement – Senior Citizens Affected…

What the hell is going on?!

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The most recent audit of the pyramid scheme that is the Social Security Administration has uncovered some bone-chilling facts.

This past week the Social Security Administration’s inspector general revealed that just over 300 conferences cost taxpayers roughly $100,000 each in travel, meals, and lodging expenses during a three-year period.

300 conferences in 3 years? That’s about one conference every 3 to 4 days. What do they need to talk about every 3 to 4 days? How to continue ripping off the American Tax Paying peasant? Social Security is already insolvent, how do they get away with doing this. When did our government become just a vehicle used to rip off its citizens of their hard earned money?

Forbes Reports:

Social Security Insolvency: When And What To Do

When is Social Security going under? Before you can collect?

Bad news: The system is already bust. More money is going out in benefits and overhead ($714 billion a year) than is coming in from payroll taxes ($646 billion). For now, the government is covering the shortfall the way it pays for other things: by borrowing, collecting income tax and printing money.

There’s supposed to be $2.7 trillion set aside in a trust fund to cover Social Security benefits. It turns out that this fund is a fiction. The savings account is empty.

No, benefits are not going to be sliced right away. But the insolvency of the Social Security Administration means that down the road big changes are inevitable in payroll taxes or benefits or both. These will not be good. The purpose of this essay is to look at what changes are possible and how you can defend yourself.

I know a fair number of people who started their benefits early even though they could afford to wait. That is, they collected at 66 or even at 62 instead of waiting until age 70, when the payout reaches its maximum. They’re afraid that Congress will double-cross the late starters by chopping payouts.

I’ll consider the risk of a bad outcome like that, as well as the probability of a real reform that would replace the phony trust fund with real savings. But first, let’s look at the accounting for the system we’ve got.

When you contribute to a 401(k), you build up a genuine trust fund. Your savings are invested in stocks and bonds, which in turn fund capital assets like software, Pizza Huts and medical inventions.

When the federal government set up the Social Security fund, it didn’t do that. Instead, it “invested” in its own bonds.

Consider this analogy. Farmer Jones, saving for his old age, puts $10 a week into a coffee tin. He amasses $1,000. Then there’s a bad crop year and he takes the money out, replacing it in the tin with a piece of paper that says “IOU—retirement—$1,000.”

He fully intends to put the money back after a good crop. But honestly, how much does he have set aside now? Zero. With government accounting, he could claim to have $1,000.

The balance sheet fiction carries over to the income side. The “bonds” pay “interest” and this is used to help pay benefits. Another revenue item is a theoretically dedicated portion of income tax collections, the amount coming from an artificial boost in the taxability of Social Security benefits. (You should have to count only half your benefit as income, but the formula makes you report up to 85%. See How Much Of Your Social Security Benefit Is Taxable?)

A fairer way to describe what is going on: Fica (Federal Insurance Contributions Act) taxes are running $68 billion short and the government is covering that out of general revenue.

The shortfall is going to get worse as baby boomers age and the ratio of workers to retirees goes down. Come 2034, so say the system’s trustees in their 2015 report, the trust fund will be exhausted and, absent a law change, they will be able to disburse only 75% of promised benefits.

The law will change before then, that’s for sure. Here are the ways Congress could balance income and outflow:

  1. Increase the payroll tax, currently 11.7%. (If your salary is $100,000 your compensation, including the Social Security tax paid by your employer, is $106,200, and $12,400 goes to the Social Security Administration for retirement. Divide $12,400 by $106,200.) A two-point boost would erase much of the coming revenue shortfalls.
    1. Cut the cost-of-living adjustment. Legislators could fiddle with the formula, perhaps limiting the damage to higher-income recipients.
    2. Increase the tax base. The first $118,500 of salary is subject to Fica. This ceiling might be raised or, as with Medicare, eliminated. High-paid workers would get back only a sliver of their higher contributions in the form of higher benefits.
    3. Raise the retirement age. The normal retirement age is now 66, and it’s going up to 67 for people born after 1959. It could go to 69. That would be roughly equivalent to cutting benefits by 10%.
    4. Increase the maximum fraction of benefits subject to income tax from 85% to 100%.
    5. Steal benefits. When he was running for president, Chris Christie proposed reducing Social Security payments to people with retirement incomes above $80,000 and eliminating them at incomes above $200,000. This would mean not just taking money from the wealthy but also taking money from middle-class frugal workers and handing it to middle-class spendthrifts. He didn’t run far on this plank.

What’s going to happen? My guess is that Congress will spread the damage by adopting a blend of the first five choices. As for the proposal from Governor Traffic Cone: While we can’t rule out means-pilfering, the likelihood is low. I would put the odds at 33 to 1 against.

What to do?

Measure your benefit. In What’s Your Social Security Benefit Worth? there’s a calculator that evaluates your payout stream, discounted for time and mortality. It assumes that existing formulas (which reward you for waiting until 70 to collect) remain in place. If you’re healthy, it will probably tell you that waiting leaves you several hundred thousand dollars to the good.

As you read above, Social Security is already insolvent. It’s time we just abolish the whole scam and start over again.

Maybe a solution would be to privatize the system by just letting the people themselves pick and choose where to put their retirement savings?

Not sure what the solution is at this point though since banks and savings and loans are also crooks and we wouldn’t want to lose all our retirement money to a scam while banking CEO’s, whom will never be held accountable, get richer and richer.  Just look at the 2008 banking meltdown where our government and the banking industry colluded to scam the US taxpayer out of billions of our hard-earned dollars under the guise that the banks are “Too Big to Fail.”

Sadly, the taxpaying peasant who got stuck with the bill wasn’t too big to fail and thousands of hard working Americans lost their homes to foreclosures.  Not one banking executive, nor politician, who pushed for asinine regulations such as The Community Reinvestment Act were ever held to account. In fact, banking executes came out even better than before because of their so-called “Golden Parachutes”

Please share if you believe the American Citizen deserves the right to decided where their hard earned money goes….

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Al ran for the California State Assembly in his home district in 2010 and garnered more votes than any other Republican since 1984. He's worked on multiple political campaigns and was communications director for the Ron Nehring for California Lt. Governor campaign during the primaries in 2014. He has also held multiple positions within his local Republican Central Committee including Secretary, and Vice President of his local California Republican Assembly chapter. While also being an ongoing delegate to the California Republican Party for almost a decade.

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Crime

Ex-FBI Director Comey Just Lost EVERYTHING After His SICKEST Secret Yet Gets Out About What He Hid In NY

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Back in the good old days, traitors to this country were hanged for treason. Fast forward to today and not only are treasonous politicians still in office, but they’re leading illegal acts of sabotage against our President and lying under oath. After recently learning that FBI director James Comey predetermined the outcome of the investigation into Hillary Clinton’s private email by not even investigating her, the time for this slimy weasel to continue his illegal antics against this country is unfortunately for him now coming to an abrupt end.

Comey’s illegal escapades began during the Senate Judiciary Committee last year where he lied under oath about Hillary Clinton not being guilty of using her private email server to store classified and above-top-secret documents.  He’s popped his head out several times this year making various appearances before congressional committees to discus issues where he’s constantly made contradictory or false statements while under oath, defiantly disregarding his position to uphold the law. Now there’s an active movement to get this crooked man disbarred from being able to practice law for the rest of his life,  according to a breaking report from the The Washington Times.

“As such, an attorney named Ty Clevenger has filed a grievance with the New York Bar Association against Comey, where he used to serve as a U.S. attorney and still retains a license to practice law,” Conservative Tribune reported. They went on:

The heart of the issue outlined in Clevenger’s grievance is the fact that Comey testified during a Sept. 2016 hearing that he had not predetermined the outcome of the investigation into former Secretary of State Hillary Clinton’s private email server prior to his announcement that there’d be no criminal charges in July 2016.

That assertion has since been proven false by the revelation that Comey had prepared draft statements exonerating Clinton of wrong-doing several months prior to interviewing her or more than a dozen others associated with the scandal.

This rather important discrepancy was discovered by the Senate Judiciary Committee as they looked into Comey’s handling of the Clinton investigation and subsequent termination by President Donald Trump, and was noted in an August 2017 letter sent by committee chair Sen. Chuck Grassley to FBI Director Christopher Wray seeking confirmation, which while heavily redacted, was nevertheless recently produced.

“Insofar as Mr. Comey gave materially false testimony to Congress, it appears that he violated Rules 1.0(w), 3.3(a)(1), and 8.4 of the New York Rules of Professional Conduct,” wrote Clevenger in his grievance letter to the bar’s Departmental Disciplinary Committee.

Clevenger’s letter also sought to renew prior grievances he had filed against former Attorney General Loretta Lynch regarding the potential pressure and interference she exerted on Comey over the investigation and alleged destruction of evidence in the case, such as laptops possessed by Clinton associates.

Clevenger has also filed a separate grievance with the Maryland state bar and got a Circuit Court judge to order the association to open an investigation into three of those Clinton associates — David Kendall, Cheryl Mills and Heather Samuelson — who are alleged to have deleted emails and destroyed their laptops which contained pertinent information regarding Clinton’s email scandal, according to Zero Hedge.

Comey isn’t the only crooked politician in hot water right now.  His master and puppeteer Hillary Clinton is at the center of her own little scandal this week after the FBI finally confirmed that she worked a scheme with the Russians to transfer 20% of our country’s uranium to Vladimir Putin’s companies in the United States in exchange for a hefty donation to her Clinton Foundation to the tune of $145 million.

Hillary’s blatant treason against the United States through her bribery, kickbacks, extortion, and money laundering with Vladimir Putin’s atomic energy business should have been a big enough scandal to send this crooked woman to prison, but thanks to crooked individuals like Comey constantly blocking justice, she’s been able to get away with her crimes for years.

How epic would it be for Comey to not only lose his position with the FBI, but be prevented from practicing law for the remainder of his life? It will be interesting to see if Comey does wind up being disbarred, or if Hillary Clinton will swoop in and kill someone or pull some strings to save his career.

 

 

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Obama Named As DEADLIEST President in U.S. History After FBI Releases His Horrific Secret

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Ever since Trump got into office, Obama has been doing everything in his power to sabotage Trump’s presidency with his little shadow government. Not satisfied with peacefully riding his golf cart into the sunset, Obama has been behind the scenes planning his “political comeback” where he’s been popping up all over D.C. to hold fundraisers and international events. But just as Obama was getting ready for his big power move on Trump, the FBI has just released their annual summary for 2016, and what they’ve discovered about Obama is a devastating blow to not only his legacy, but to any future political plans he might have had for this country.

Each year, the FBI releases their annual summary known as the “Law Enforcement Officers Killed and Assaulted Report.” On Monday, the report for 2016 was finalized with the findings being sent to Attorney General Jeff Sessions. The report revealed that the Obama Administration was the deadliest in history as there was a 61% INCREASE in murders targeting  law enforcement, thanks to Barack Obama continually putting a target on the backs of our police with his race-baiting antics and vocal support for the terror group Black Lives Matter.

The Blacksphere reported:

Monday, the FBI finalized their annual summary known as the “Law Enforcement Officers Killed and Assaulted Report.”  As Sessions put it, the 61% increase in murders targeting law enforcement is both shocking and unacceptable. Of course, we knew Obama’s Administration painted police as the enemy. Now it’s indisputable.

Breitbart breaks down the numbers even further:

The feloniously killed category is a narrow one. Sixty-two of those 66 officers died of gunshot wounds, with the last four dying after being hit by motor vehicles. The 66 officers feloniously killed in the line of duty in 2016 is the highest single-year figure since 1997.

The single most common category of officer slaying and the largest increase recorded was the 17 “ambush” type premeditated killings in 2016, a 142 percent increase over the seven such attacks in 2015. Breitbart News has reported extensively on these attacks, the most egregious of which left five Dallas, Texas, policemen dead after a black nationalist opened fire at a July 2016 Black Lives Matter rally.

An additional 52 officers died in accidents while on duty, for a total of 118 line-of-duty deaths, a 37 percent increase over 2015.

The number of assaults on officers also increased significantly in 2016, with over 57,000 recorded nationwide. This figure represents a 14 percent increase over 2015 and a rate of more than 150 a day and nearly one assault for every ten police officers in the country.

These devastating deaths on our police officers are directly due to Obama who encouraged his thugs to go to war with all those who serve and protect. How many times did we witness Obama making incendiary remarks while sending his race-baiting minions to hotbeds like Ferguson to drum up the racial discontent and hatred even further? “Obama spent 8 years stoking the flames of a racial divide that for the most part had been relegated to the 60’s. Seeing the potential for Leftist profiteering, both politically and financially, Obama encouraged hatred, particularly against law enforcement,” The Blacksphere reported.

The bright side is that President Trump is turning things around for our nation’s police. Breitbart continued:

Attorney General Sessions was confident President Trump’s law-and-order agenda could bring the increase, which occurred under the previous administration, under control. “Our law enforcement deserves the support of the people they serve. Fortunately we have a President who understands this,” he said. “President Trump ran for office as a law-and-order candidate; now he is governing as a law-and-order President.”

Within days of taking office, President Trump made it clear that he stood on the side of America’s police with the first executive order that he put into motion. In his first order, he declared that his administration would serve to “enhance the protection and safety of Federal, State, tribal, and local law enforcement officers, and thereby all Americans.”

Within just the first 10 months that Trump has been in office, he has delivered on the promise to support our law enforcement and enhance their ability to do their jobs. So far, police deaths have already decreased by 20%, but the official numbers won’t be released until sometime next year.

It’s wonderful to finally have a president in office who supports law and order and has the backs of our brave men and women who daily defend that “thin blue line” that keeps our society from falling into complete chaos. As for Obama, he has another feather to add to his “legacy” cap with the embarassing statistic from the FBI that his administration was the deadliest in U.S. history!

H/T [The Blacksphere]

 

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Michelle Flies Into Rage After Melania Shows Up To Her Party And Takes Back What The Obamas Stole

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For the first nine months of President Donald Trump’s presidency, the Obamas have followed around in the first couple’s shadows trying to relinquish the role. It’s reached a disturbing level and leaving a lot to wonder why Barack and Michelle can’t or won’t just slip into obscurity. They are living the high life at the taxpayers’ expense, a right granted to them as former president and first lady which they are taking full advantage of. However, there was something else that Michelle took which rightfully didn’t sit well with Melania who has now shown up to reclaim what was never the Obamas to begin with.

Despite Michelle Obama claiming that she was practically a prisoner in the White House for eight years, she’s sure acted like a princess then and certainly now, taking advantage of all that “prisoner” status afforded her. The Obamas saw the presidency different than most who filled the role before them, in that they didn’t respect it and instead demanded more advantages where the standard ones came from. Michelle lived a much different life as the first lady than her female predecessors in the White House and her exceptionally respectable replacement is making her pay for it now.

There’s no question that Michelle and her family live the life of a party by cashing in on Barack’s failed presidency. With the highest position in the land comes a great deal of privilege that they get to enjoy now for life. Clearly, Michelle took the incredible opportunity for granted while her husband was in office, living off the spoils of his position and taking more than she was given, simply because she felt she deserved it. Now, Michelle just realized that she met her match with a woman of genuine class and privilege who realizes the value of advantages and the hardworking American who pays for them.

Melania was infamously snubbed by all major designers who dressed Michelle as well as her predecessor’s team of other “handlers” who our new First Lady has no use for. While it takes a village to make Michelle presentable for public and capable of fulfilling her role as the first lady, a real woman doesn’t need all that, especially one who has genuine respect for our country. Melania is one of those women and this attribute is part of what makes her such an exemplary first lady – especially in comparison to Michelle. As such, Melania just figuratively showed up to Michelle’s “spending party” and saved taxpayers a massive bill they never wanted to pay in the first place.

Hannity reports:

First Lady Melania Trump managed to slash the staff and budget of her predecessor’s entourage by more than 50% since President Trump took office; maintaining a busy schedule on a significantly reduced payroll.  

According to Fox News, the First Lady drastically reduced her office’s budget when compared to Michelle Obama’s massive entourage during her eight years in the White House. As of June, Melania’s staff had just four people on her payroll with salaries totaling $486,700.

During the same time of former President Obama’s first year in office, then-First Lady Michelle Obama had a whopping 16 staffers on her payroll, shelling out $1.24 million to her workers.

Melania Trump’s spokesperson insists the decision was intentional, praising the First Lady for being “deliberate in her hiring” and focusing on “quality over quantity.”

“As with all things that she does, she is being very deliberate in her hiring, focusing on quality over quantity,” said communications director Stephanie Grisham. “It is important to her that the team is a good fit for what she wants to accomplish as first lady, and that everyone works well together. She also wants to be mindful and responsible when it comes to taxpayer money.”

Melania has a true respect for the American people who have afforded her the position she’s in right now, which she doesn’t take for granted and proves that by being conscientious of their pocketbooks. Despite what liberals love to believe, Melania loves this country and respects the hard word that citizens do daily to provide for their own families. While they are working to pay for medicine and lessons for their kids, she’s not out there sucking the funds they forfeit from their paychecks to pay for a glutenous 16+ person staff unnecessary to her duties as the first lady.

Both First Lady Melania and President Trump combined have not only saved taxpayers a massive dose in presidential perks that hard workers don’t benefit from, his presidency has benefitted the economy drastically to enable citizens the ability to make more money and pursue the American dream. Combined, this is a massive gift to Americans that the left discredits only for the reason of covering for the failure and over-expense of the Obama administration, which set a sick new record of the priciest president in U.S. history.

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