Uncle Sam

Source: happilynaturalday.com --- 3 hours ago
Social Security to start cashing Uncle Sam’s IOUs, States may hold onto Tax Refunds 4 Months URRRRRGGH! Social Security to start cashing Uncle Sam’s IOUs PARKERSBURG, W.Va . – The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration . It’s time to start cashing them in. For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits — billions more each year. Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more. Sounds like a good time to start tapping the nest egg. Too bad the federal government already spent that money over the years on other programs, preferring to borrow from Social Security rather than foreign creditors. In return, the Treasury Department issued a stack of IOUs — in the form of Treasury bonds — which are kept in a nondescript office building just down the street from Parkersburg’s municipal offices. Now the government will have to borrow even more money, much of it abroad, to start paying back the IOUs, and the timing couldn’t be worse. The government is projected to post a record $1.5 trillion budget deficit this year, followed by trillion dollar deficits ...

Source: www.drudge.com --- 6 hours ago
For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits billions more each year. Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes nearly $29 billion more. ...

Source: www.kfoxtv.com --- 6 hours ago
The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government. ...

Source: twitter.com --- 7 hours ago
URBmag: Border Patrol: Quiero Club vs Uncle Sam: These kids from Monterrey are too cool for the USA. Though they live http://url4.eu/1oCKe ...

Source: www.thestandard.com --- 8 hours ago
I just received an email from Wikileaks editor Julian Assange that's pretty wild. It accuses the U.S. government of deliberately trying to take down the whistle-blower site PDF two years ago. As proof, Wikileaks has posted a 32-page classified document PDF from the Department of Defense Intelligence Analysis program, dated March 2008, which details "the counterintelligence threat posed to the US Army by the Wikileaks.org Web site." It reads: The possibility that a current employee or mole within DoD or elsewhere in the US government is providing sensitive information or classified information to Wikileaks.org cannot be ruled out. Wikileaks.org claims that the "leakers" or "whistleblowers" of sensitive or classified DoD documents are former US government employees. These claims are highly suspect, however, since Wikileaks.org states that the anonymity and protection of the leakers or whistleblowers is one of its primary goals. [ Also on InfoWorld: Read up on Cringely's long-standing coverage of Wikileaks' ups and downs, from its economic struggles to its fights with Swiss banks and the Church of Scientology | Stay up to date on all Robert X. Cringely's observations with InfoWorld's Notes from the Underground newsletter . ] If I'm parsing the bureaucratese in this document correctly, the DoD believed the "former" employees who provide documents to Wikileaks are actually current employees whom, one assumes, could be hunted down and squ ...

Source: www.standard.net --- 9 hours ago
(UNEDITED) Just complaining. Israel is erecting more settlements in the West Bank, along with 100's of others! Will everyone please google--UN, Partition of Palestine, 1947--and compare that map and what was agreed on then--with what is the now world's biggest prison! read more ...

Source: www.alliancealert.org --- 10 hours ago
AP : "This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes - nearly $29 billion more." ...

Source: www.flagstafftoday.com --- 10 hours ago
AP – The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security... ...

Source: seattletimes.nwsource.com --- 11 hours ago
The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration. ...