Job losses causing huge deficits for Social Security

Arizona Republic

09/28/09

Big job losses and a spike in early-retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next two years — the first time that has happened since the 1980s. The deficits — $10 billion in 2010 and $9 billion in 2011 — will not affect payments to retirees because Social Security has accumulated surpluses from previous years totaling $2.5 trillion. But they will add to the federal deficit. Applications for retirement benefits are 23 percent higher than last year, while disability claims have risen by about 20 percent. Social Security officials had expected applications to increase from the growing number of Baby Boomers reaching retirement, but they did not expect the increase to be so large. What happened? The recession hit, and many older workers suddenly found themselves laid off, with no place to turn but Social Security...

http://tinyurl.com/ycu5run


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=federal+deficit
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=job+loss
http://freepage.twoday.net/search?q=social+security
http://freepage.twoday.net/search?q=retirement

World-News

Independent Media Source

User Status

Du bist nicht angemeldet.

Suche

 

Aktuelle Beiträge

Trump and His Allies...
https://www.commondreams.o rg/views/2022/06/21/trump- and-his-allies-are-clear-a nd-present-danger-american -democracy?utm_source=dail y_newsletter&utm_medium=Em ail&utm_campaign=daily_new sletter_op
rudkla - 22. Jun, 05:09
The Republican Party...
https://truthout.org/artic les/the-republican-party-i s-still-doing-donald-trump s-bidding/?eType=EmailBlas tContent&eId=804d4873-50dd -4c1b-82a5-f465ac3742ce
rudkla - 26. Apr, 05:36
January 6 Committee Says...
https://truthout.org/artic les/jan-6-committee-says-t rump-engaged-in-criminal-c onspiracy-to-undo-election /?eType=EmailBlastContent& eId=552e5725-9297-4a7c-a21 4-53c8c51615a3
rudkla - 4. Mär, 05:38
Georgia Republicans Are...
https://www.commondreams.o rg/views/2022/02/14/georgi a-republicans-are-delibera tely-attacking-voting-righ ts
rudkla - 15. Feb, 05:03
Now Every Day Is January...
https://www.commondreams.o rg/views/2022/02/07/now-ev ery-day-january-6-trump-ta rgets-vote-counters
rudkla - 8. Feb, 05:41

Archiv

September 2009
Mo
Di
Mi
Do
Fr
Sa
So
 
 
 
 
 
 

Status

Online seit 7135 Tagen
Zuletzt aktualisiert: 22. Jun, 05:09

Credits


Afghanistan
Animal Protection - Tierschutz
AUFBRUCH für Bürgerrechte, Freiheit und Gesundheit
Big Brother - NWO
Brasilien-Brasil
Britain
Canada
Care2 Connect
Chemtrails
Civil Rights - Buergerrechte - Politik
Cuts in Social Welfare - Sozialabbau
Cybermobbing
Datenschutzerklärung
Death Penalty - Todesstrafe
Depleted Uranium Poisoning (D.U.)
Disclaimer - Haftungsausschluss
... weitere
Profil
Abmelden
Weblog abonnieren