SEP 5 2021 ND SIT EC y POL Part 1
ND denounce-neoliberal debacle y propone State-Social + Capit-compet in Eco
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics
WHEN IS THE SOCIAL SECURITY ASSET FUND RUNNING OUT?
by Tyler Durden
2021 marked the first year when interest earned on the fund could no longer bridge social security’s spending gap, sending the asset reserve into a downward spiral...
A social safety net is synonymous with a failsafe for many, but, as Statista's Katharina Buchholz notes, in the case of the U.S. Social Security system, additional action is needed to ensure it stays that way.
The annual OASDI trustees report by the Social Security Administration, covering old-age, survivors and disability insurance, shows that under the present circumstances, the asset reserve dedicated to the benefit program could be depleted sooner rather than later. Under the report’s intermediate scenario, asset funds would run out sometime in 2034, while this could happen as soon as 2031 if the administration was to shoulder a high volume of costs in the upcoming years. Under the low-cost scenario, the fund could remain solvent until 2052 or even longer, depending on the calculation. The intermediate date moved forward by one year since last year’s report as the COVID-19 pandemic seriously diminished Social Security’s income in payroll taxes.
The system’s expenditures have been above its income for some time – with the difference being taken out of the asset fund and the interest it creates - but the gap has been widening over the years. While in the early 1980s, summarized OASHI costs only exceeded incomes by around 15 percent, that gap grew to almost 26 percent in 2021. As Baby Boomers retire and Americans are having fewer children, the balance between those who are working and funding social security and those who are receiving old age, survivor or disability benefits continues to tip. 2021 marked the first year when interest earned on the fund could no longer bridge social security’s spending gap, sending the asset reserve into a downward spiral.
See Chart:
When is the Social Security asset Fund Running out?
Is blocked the direct copy. See I when open the article
Or open: https://cdn.statcdn.com/Infographic/images/normal/25684.jpeg
Because Social Security services are funded by the payroll tax on a pay-as-you-go basis, the income-cost gap equals the amount the administration would no longer be able to pay out if the fund would in fact be depleted. In order to stop funds from running low, Congress would have to act to provide additional revenue to Social Security, for example by raising the dedicated payroll tax, to lower its cost by cutting benefits or attempt a combination of both.
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SOURCE: https://www.zerohedge.com/personal-finance/when-social-security-asset-fund-running-out
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PENSION PLANS BORROW MONEY AT A RECORD PACE TO INVEST
Authored by Mike Shedlock via MishTalk.com
Despite past failures at timing, cities and municipalities are borrowing money at a record pace to shore up pension plans...
See Chart:
Take a chance on me!
https://cms.zerohedge.com/s3/files/inline-images/2021-09-05_10-29-15.jpg?itok=YpYsmZQF
Pension obligation bonds contributed to the chapter 9 bankruptcies of Detroit, Stockton, Calif., and San Bernardino, Calif.
Nonetheless, expanding bubbled have lured government bodies into repeating past mistakes, this time at a new record pace.
Hooray! We broke the pace of 2008.
Main Street Pensions Take Wall Street Gamble
See Chart:
Bonds issued for pension founding
https://cms.zerohedge.com/s3/files/inline-images/2021-09-05_10-30-37.jpg?itok=nS5p3Wxm
Continue reading AT
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Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption.
CALIFORNIA ADMITS GRID AT RISK AMID PUSH TO GREENIFY ECONOMY
"The future fiscal impact of stresses to the energy grid caused by climate is difficult to predict, but could be significant."
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JEROME POWELL'S QUEST FOR ECONOMIC STABILITY IS DESTABILIZING
[The Fed] is continuing to imbalance and wrongly “twist” the real economy in ways that will result in the instability, and the eventual recession and likely price inflation they say they wish to prevent.
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US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)
Global depression is on…China, RU, Iran search for State socialis, D rest in limbo
Neo-liberal system is arriving to its end: mass violence across the world said so
WORLD FOOD PRICES JUMP IN AUGUST TO NEAR DECADE HIGH
Heading into fall, soaring food inflation
shows no signs of abating and may worsen.
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One more venom to say bye bye world.. beside vaccines
SNAKE OIL?! BRAZILIAN RESEARCHERS FIND POSSIBLE COVID TREATMENT IN VIPER VENOM
This is not the first discovery of medical use of its venom...
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Give it to Bolsonaro & recommend him the whole bottle in one shot
We will say that he dies for a Nobel cause
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Billionaires got fast way to go to inferno:
TESLA REPORTEDLY TARGETING $25,000 "MODEL 2" WITH NO STEERING WHEEL BY 2023
Apparently having not lied enough over the last few weeks with the revelation of the "Tesla humanoid robot", Elon Musk may be seeking to one-up himself..
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Bad idea: Don Sata won’t accept Elon Musk in inferno. Put it in common trash wagon, Don SATA will say. Why? He deceit & stole money from many millonairs
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VICTIMS OF US DRONE STRIKE IN KABUL THAT WIPED OUT CHILDREN WANT ANSWERS
"They have such high technology they can see an ant on the ground, but they couldn’t see a yard full of children?" Emal said.
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False Flag & xenophobic view?
D-Day for "China's Lehman" may have finally arrived.
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ESCOBAR: WHY THE TALIBAN STILL CAN'T FORM A GOVERNMENT
Internal Taliban divisions come to the fore as squabbling hinders the formation of Afghanistan’s new Islamic Emirate...
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Is there a business in dumping oil?
"THIS IS BIG": 14-MILE LONG OIL SPILL IN GULF OF MEXICO INVESTIGATED BY COAST GUARD
"The type of accident we are seeing is preventable
and shouldn’t be allowed to happen."
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Sending mercenaries to Afghanistan will create civil war & terrorism
MILLEY ADMITS US WITHDRAWAL FROM AFGHANISTAN WILL LEAD TO CIVIL WAR, TERRORISM
“You could see a resurgence of terrorism coming out of that general region within 12, 24, 36 months. And we’re going to monitor that,”
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Don’t rescue them but double their salary IF leading mercenaries. IF die we need heroes
"AROUND" 100 AMERICANS LEFT BEHIND IN AFGHANISTAN, WHITE HOUSE SAYS
“We know many of them have family members. Many of them want to stay. But the ones that want to leave, we’re going to get them out, as the president said.”
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SPUTNIK NEWS : https://sputniknews.com/
- Taliban Reportedly Blocks At Least Four Planes With Refugees, Americans From Departing Afghanistan
- US Condemns Houthi Missile Attack That Injured Children in Saudi Arabia
- Head of Human Rights Campaign Refuses to Resign, Says Org Wants Him Out Over Cuomo Ties
- France Ready to Start New Chapter in Bilateral Relations With Iran
- Nord Stream 2 Construction to Wrap Up ‘Next Week’ - OMV Head
- US Rep Says Afghan Issue Worse Now Than Pre 9/11 Since Taliban Has US Weapons
- UN Promises Continued Humanitarian Assistance to Afghanistan
- Florida ‘Survivalist’ Kills 4 in Shooting Rampage, Leaves 11-Year-Old Hospitalized
- Libyan Leader's Son Saadi Gaddafi Freed From Prison
- Taliban Reportedly Blocks At Least Four Planes With Refugees Americans
- Brazil-Arg World Cup Qualifier Suspended After Four Players Break Quarantine
- 9/11 Hijackers Had Support From Saudi Agent Network Inside the US
- Thousands of People Protest COVID-19 Restrictions in Amsterdam
- Auckland Supermarket Stabber's Mother Reveals Likely Cause of Son’s Descent Into Extremism
- Speaker of Iranian Parliament: Afghan 'Puppet Government' Was Wrong to Rely on US
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