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The Coming Social Security COLLAPSE Just Sped Up Thanks To Biden


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Taxation is theft.

You know it, I know it, and the parasites in Washington D.C. know it.

The government robs you at gunpoint with one hand, and then makes a show of flamboyantly giving you back your own money with the other hand—claiming that this is a social benefit.

Well, it never was, and a shell game like that can never be expected to produce lasting or desirable results.

Why?

Because cheaters never prosper, at least not for very long anyway. A wise voice once told us: The thing about stealing people’s money to give it to other people, is that you’ll eventually run out of other people’s money to steal…..

The latest reports indicate that the massive Ponzi scheme known as social security will collapse a year earlier than expected, and will cease paying out full benefits in 2033.

This accelerated timeline is due to Biden’s Covid regulations and spending policies….

Here are the latest reports:

CBS News had more:

Social Security and Medicare, the government’s two biggest benefit programs, remain under intense financial pressure with the retirement of millions of baby boomers and a devastating pandemic. Social Security will be unable to pay full benefits starting in 2034, a year earlier than previously forecast, due to impact of the crisis.

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That’s according to a new report from the programs’ trustees released Tuesday, which moved up, by one year, the date for the depletion of Social Security’s reserves. Medicare is still expected to exhaust its reserves in 2026, the same date as estimated last year.

Market Watch added:

The U.S. government also said Medicare’s hospital insurance fund will be depleted by 2026, or at the same time as predicted in 2020. It issued annual trustees reports on both programs Tuesday.

“The pandemic and its economic impact have had an effect on Social Security’s Trust Funds, and the future course of the pandemic is still uncertain,” said the Social Security Administration’s acting commissioner, Kilolo Kijakazi, in a statement.



 

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