Social Security To See Payout Exceed Pay: How Can That Help Your Business?
For several years, financial experts have been saying different versions of statements that Social Security is bankrupt and unfunded. The response from politicians and Social Security supporters has been that it would be years before the fund starting losing money on a cash basis and that there are all those IOUs from the US Treasury issued when politicians spent the surplus funds.
Well it appears the day of cash deficits has arrived much sooner than you were told. Independent experts say solutions you will see will be (a) to raise taxes on regular income areas to finance those IOUs; (b) cut back benefits either for all or for newer people in the system; (c) increase Social Security rates going forward; or (d) declare it a Ponzi scheme and default. Before you laugh, look at the discussions underway in states and countries to cut back, freeze, or reduce social promises made in the past.
Accordingly lots of people will be scared as both parties tell horror stories about how the other party has bad people doing dastardly things, and the accuser will protect voters.
“Social Security to See Payout Exceed Pay-In This Year” is one article on this topic and is available at www.nytimes.com/2010/03/25/business/economy/25social.html?th&emc=th
Since this situation already is here and going to get nastier and more publicized in the next few weeks, how can you create an opportunity for your business?
Well it appears the day of cash deficits has arrived much sooner than you were told. Independent experts say solutions you will see will be (a) to raise taxes on regular income areas to finance those IOUs; (b) cut back benefits either for all or for newer people in the system; (c) increase Social Security rates going forward; or (d) declare it a Ponzi scheme and default. Before you laugh, look at the discussions underway in states and countries to cut back, freeze, or reduce social promises made in the past.
Accordingly lots of people will be scared as both parties tell horror stories about how the other party has bad people doing dastardly things, and the accuser will protect voters.
“Social Security to See Payout Exceed Pay-In This Year” is one article on this topic and is available at www.nytimes.com/2010/03/25/business/economy/25social.html?th&emc=th
Since this situation already is here and going to get nastier and more publicized in the next few weeks, how can you create an opportunity for your business?
Posted by FiscalDoctor com at 3/26/2010 7:31 PM 
Categories: contingency planning, business growth, risk, Enterprise Risk Management, corporate governance, due diligence, ERM, Profitability
Tags: contingency planning business growth profitability risk Enterprise Risk Management due diligence ERM corporate governance
Categories: contingency planning, business growth, risk, Enterprise Risk Management, corporate governance, due diligence, ERM, Profitability
Tags: contingency planning business growth profitability risk Enterprise Risk Management due diligence ERM corporate governance
This is an extremely practical presentation that gives great examples of how to engage people in executing the plan. I found this very insightful. Well done. Thank you
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An excellent presentation. Clear. Practical. Insightful. Shows a depth of experience. Thank you. I learned a great deal.
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Glad you enjoyed it. I will look for some areas to bring to you and other readers attention. Please feel free to syndicate the comment.
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A fantastic presentation. Very open and informative. Especially good for those at the start of the business process who can take some business lessons when they most need them. Great work,
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