SOCIAL SECURITY SMOKING GUN II
The International Tribunals have clarified their Ruling concerning Social Security originally made in February 2024. The Judgment not only includes Retirement Benefits for Americans, but Social Security Disability and Medicare.
Further, this is a separate Judgment against the U.S. Government and the $125 Trillion Judgment levied in April 2023 is growing at a 10% monthly rate. It is now worth is approximately $1.3 quadrillion ($1.05 quadrillion in interest over the original assessment) and is growing at a $4.2 trillion clip every day.
In May 2024 it was Announced in Washington that the asset reserves of the Social Security Old-Age and Survivors Insurance Trust Fund, which pays benefits to Retirees, are projected to become depleted in 2033: “The Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100 percent of total scheduled benefits until 2033, unchanged from last year's report. At that time, the fund's reserves will become depleted and continuing program income will be sufficient to pay 79 percent of scheduled benefits.”
Income from payroll tax revenue is expected to fund 79% of scheduled Social Security benefits in 2034, according to the just-released 2024 trustees report.
The Disability Insurance Trust Fund is not projected to run out within the trustees’ 75-year projection period - the same conclusion made in the group’s 2023 Report.
When combined, funds for both Social Security and disability payments are set to become depleted and unable to pay scheduled benefits in full on a timely basis in 2035 - one year later than projected in 2023. At that point, tax revenue used to fund both programs is expected to cover 83% of scheduled benefits.
In written comments shared with the Sutton Viewpoint Center, about the new projections, Jason Fichtner, Chief Economist at the Bipartisan Policy Center, said the American Public has long known that Social Security is on an unsustainable financial path - but that doesn’t make today’s news any less troubling.
“Today’s Social Security Trustees Report marks yet another year of inaction by lawmakers to protect this crucial program on which so many Americans depend,” Fichtner said. “Too few Politicians are willing to propose serious reforms and make the difficult choices needed to strengthen and save the program. Instead, leading voices on both sides of the aisle have buried their heads in the sand, proposing purely partisan policies or vowing not to touch the program.”
Fichtner said the political impasse is leading Americans towards an automatic across-the-board benefit cuts of over 20% when the Old-Age and Survivors Insurance trust fund runs dry.
“Only pragmatic, bipartisan policymaking can prevent these cuts,” Fichtner said.
Other data in the new Report shows the asset reserves of the combined trust funds declined by $41 billion in 2023 to a total of $2.788 trillion. The total annual cost of the program is projected to exceed total annual income in 2024 and remain higher throughout the 75-year projection period. Total costs began to be higher than total income in 2021, while Social Security’s cost has exceeded its non-interest income since 2010.
Of course, with the International Tribunal Rulings in February, May and August 2024, all this has become academic. Officially, all of the Social Security Programs were to be shut down as of August 16, 2024. The payments due Americans born on the 11th-20th of the month and 21st -31st day of the month were paid August 21st and August 28th, respectively. Medicare bills due through August 31, 2024, were paid in full.
Now, September was supposed to be a very different story. As of today, all Social Security Retirement and Disability Benefits have been paid for the month by the U.S. Government. All funds must be claw backed and no further payments made.
While the U.S. Federal Court Partners have fully concurred with The Hague, the exact process of enforcing the Rulings has not been completely decided upon. Everyone is fully aware of the impact upon the 67+ million Recipients and that, in part, is the point.
No one has cared about how the traitors/terrorists in Colorado have been allowed to shatter SVC President’s life the past six years and how the U.S. Government has been obviously complicit and in full-blown defiance of International and applicable U.S. Law in his case and at least 10,000+ others.
SVC’s President applied for his Retirement Benefits 55 weeks ago and should have been paid his first benefits on October 25, 2023, 11 months ago today. Because that did not happen he and SVC’s Security Chief were forced to be outside in the worst winter in Colorado Springs so far in the 21st century, braving ten below temperatures in February and being caught in a storm that produced two feet of snow in March.
There is no way the Social Security Administration can compensate them for being forced to go through this and now millions of Americans facing the next winter will soon know their pain, all because the Social Security Administration knowingly chose to ignore the Law and intentionally persecute on SVC’s President!
RETIREMENT IN AMERICA, PART DCCXXVIII
SVC TRAILBLAZER PUBLICATIONS, SVC TRAILBLAZER PUBLICATIONS, VOL XXIII, 147,788,407,777,700,000,000,000,000, 9/25/2024