Ponzi-Scheme Alert: Only 1.75 Full-Time Private Sector Workers Per Social Security Recipient

Rick Perry called Social Security a “ponzi scheme.”  For which he was lambasted by the mainstream media.

I mean, how DARE he call Social Security what it clearly is?

Well, here’s the bad news for you, you anti-Perry sub-rock-dwellers:

Labor Dept. Data: Only 1.75 Full-Time Private Sector Workers Per Social Security Recipient
By Terence P. Jeffrey
September 12, 2011

(CNSNews.com) – There were only 1.75 full-time private-sector workers in the United States last year for each person receiving benefits from Social Security, according to data from the Bureau of Labor Statistics and the Social Security board of trustees.

That means that for each husband and wife who worked full-time in the private sector last year there was a Social Security recipient somewhere in the country taking benefits from the federal government.

Most state and local workers are part of the Social Security system and pay Social Security taxes; and, since 1984, all federal workers have been part of the system and pay Social Security taxes. However, unlike private sector workers who pay Social Security taxes with private-sector dollars, government workers pay their payroll taxes out of wages government pays them with tax dollars or with money that was borrowed by government and taxpayers must eventually repay.

In its latest annual report, the Social Security board of trustees reported that the federal government’s total revenue from Social Security taxes in 2010—$544.8 billion—was not enough to cover Social Security’s total benefit payments—$577.4 billion.

The board of trustees also reported that there were 156.725 million “covered workers” in the United States who paid some Social Security taxes during 2010. But these 156.725 million “covered workers” included all workers—including government workers—who were “paid at some time during the year for employment” on which Social Security taxes were due. People who worked full-time for 52 weeks during the year were included with people who worked only part-time for a month.

The Social Security board of trustees reported that there were 53.398 million Social Security beneficiaries in 2010.

That meant, as the Social Security board of trustees reported, that there were just 2.9 “covered workers” who paid some Social Security taxes in 2010 for each individual who received Social Security benefits.

(According to the Social Security board of trustees, there were 41.9 “covered workers” per Social Security beneficiary in 1945.)

However, the Bureau of Labor Statistics has generated data indicating how many full-time workers there were in the country in 2010 and how many of these worked in government as opposed to the private sector.

According to BLS, there were 111.714 million full-time workers in the United States last year. Of these, 18.073 million worked for local, state or federal government, and 93.641 million worked in the private sector.

The 93.641 million full-time private sector workers last year worked out to 1.75 for each person receiving Social Security benefits.

These 93.641 million full-time private sector workers were the foundation of the tax base that supported both government at large and Social Security in particular.

Prior to 1983, states and localities could legally opt their employees out of the Social Security system. In 1981, for example, the employees of Galveston County, Texas, voted 78 percent to 22 percent to opt out of the Social Security system for a locally run retirement plan. Brazoria and Matagorda counties in Texas also opted out of Social Security.

You damned liberals are dead dumbass fools walking, aren’t you?

In 1960 there were 5.1 workers paying into the system for every 1 retiree.  But liberals like to murder little babies, and 54 million aborted workers later things are really starting to suck.

Proverbs 8:36 describes all those who hate God “loving death.”  And that fits Democrats to a “T”.

D. James Kennedy rightly warned us about the socialist takeover of health care (aka ObamaCare):

“Watch out, Grandma and Grandpa!  Because the generation that survived abortion will one day come after YOU.”

Now Medicare will go bankrupt by 2017.  And Democrats are going to MAKE ABSOLUTELY SURE it goes bankrupt by refusing to allow the system to get the changes it needs to even possibly remain solvent.

And of course grandma and grandpa are going to find themselves standing in front of death panels to justify their existences.

Actually 160 separate and distinct death panels, mind you:

One particular progressive liberal put it best:

GEORGE BERNARD SHAW, NOBEL PRIZE WINNER: I don’t want to punish anybody. (INAUDIBLE) an extraordinary number of people whom I want to kill. I think it would be a good thing to make everybody come before a properly-appointed board, just as they might come before the income tax commissioner, and say every five years, or every seven years, just put them there, and say, “Sir, or madam, now will you be kind enough to justify your existence?”

But I didn’t have to go back that far in time to prove my point.  I merely wanted to document that liberal progressives HAVE ALWAYS “loved death.”  I can also cite recent stuff from liberal progressives, such as this beauty by liberal progressive Robert Reich:

“Thank you. And by the way, we’re going to have to, if you’re very old, we’re not going to give you all that technology and all those drugs for the last couple of years of your life to keep you maybe going for another couple of months. It’s too expensive…so we’re going to let you die.”

Having commented on that statement before, I went on to also document the following:

Robert “Third” Reich isn’t the only one pointing out this actually quite obvious central tenet of the Democrats’ health plan. Obama has appointed at least two other “experts” to advise him on medical issues. Here’s White House Chief of Staff Rahm Emanuel’s brother, Ezekiel Emanuel, whom Obama appointed as OMB health policy adviser in addition to being picked to serve on the Federal Council on Comparative Effectiveness Research:

“When implemented, the Complete Lives system produces a priority curve on which individuals aged between roughly 15 and 40 years get the most substantial chance, whereas the youngest and oldest people get chances that are attenuatedThe Complete Lives system justifies preference to younger people because of priority to the worst-off rather than instrumental value.”

“Attenuated” means, “to make thin; to weaken or reduce in force, intensity, effect, quantity, or value.” Attenuated care would be reduced or lessened care. Dare I say it, in this context it clearly means, “rationed care.”

Dr. Ezekiel Emanuel included a chart with his work (available here), which shows how he wants to allocate medical resources under a government plan:

When you’re very young, or when you start reaching your 50s and 60s, you start receiving less and less priority.

Then there’s Cass Sunstein, Barack Obama’s Regulatory Czar, who wrote in the Columbia Law Review in January 2004:

“I urge that the government should indeed focus on life-years rather than lives. A program that saves young people produces more welfare than one that saves old people.”

Barack Obama’s Regulatory Czar explains:

“If a program would prevent fifty deaths of people who are twenty, should it be treated the same way as a program that would prevent fifty deaths of people who are seventy? Other things being equal, a program that protects young people seems far better than one that protects old people, because it delivers greater benefits.”

There’s a great deal more about Obama’s own advisers’ plans here.

Which very much jives with what Obama himself told a woman concerning her mother:

“At least we can let doctors know — and your mom know — that you know what, maybe this isn’t going to help. Maybe you’re better off, uhh, not having the surgery, but, uhh, taking the painkiller.”

We can sum it up quite nicely with the words of Obama’s former senior economic adviser: “So we’re going to let you die.”

Die with dignity. Or die without it. It doesn’t matter. What matters in the brave new world of ObamaCare is that liberals have finally succeeded in turning health care into a socialist boondoggle. And it will one day be your duty to die in order to sustain that boondoggle.

So when I call Democrats “fascists,” it’s not like I’m exaggerating or anything; it’s simply what those dangerous and toxic rat bastards are.

And old people are supposed to be afraid of Rick Perry because the man had the indecency to say the truth maybe – MAYBE – in time to do something to prevent a soon-coming holocaust of senior citizens???

Take a look at the following peer-reviewed International Monetary Fund publication claim and tell me that Rick Perry is the enemy:

Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion – 840 per cent of current GDP. “Let’s get real,” Prof. Kotlikoff says. “The U.S. is bankrupt.”

Writing in the September issue of Finance and Development, a journal of the International Monetary Fund, Prof. Kotlikoff says the IMF itself has quietly confirmed that the U.S. is in terrible fiscal trouble – far worse than the Washington-based lender of last resort has previously acknowledged. “The U.S. fiscal gap is huge,” the IMF asserted in a June report. “Closing the fiscal gap requires a permanent annual fiscal adjustment equal to about 14 per cent of U.S. GDP.”

$200 TRILLION?  That’s our unfunded liabilities, thanks to evil liberal progressvies who have been slowly killing us for the last seventy years setting up the day when the American people would die by the tens of millions.  Do you got that in your pocket?  Because I sure don’t.

I got bad news for you, grandma and grandpa.  But you’re going to die.  And you’re going to die because the same party that set up your death (the Democrats) are actively working to ensure that your future medical care gets its life support plug pulled so you can “die with dignity.”  Which is another way of saying so Democrats who set up programs that were GUARANTEED to collapse can now wash their hands of you and walk away while you slowly and painfully die.

I support Rick Perry for president.  The man who is honest enough to point out the problem is the only man who can even possibly have the courage and will to fix that problem.  Because my mom and dad are on both Social Security AND Medicare.  And I don’t want any God DAMNED (and by that I mean, “damned by God to HELL”) Democrats killing them off while I’ve got a breath of life left in my body.

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