Save Sonny - Social Security like you've never ever seen it before!

[jaqeboy]

I met these guys after the Boston Tea Party '08 at the Green Dragon that have an animation shop in Cambridge. They've done some kick-ass animovies to teach economics to the next generation. The Save Sonny series is all about Social Security. They've put the continuation of that series on hold, tho' to jump onto the "economic crisis" work.

http://savesonny.org/videos.html

Episode 1: Pimp My Walker

[les nessman]

    That was an excellent video to explain FICA.  I will see to it that it reaches
its target audience! 

   Direct link:  http://www.youtube.com/watch?v=Zyvx_r4UB9Y

[John Edward Mercier]

'The US Social Security system will fall into debt within the next ten years, and is likely to run out of money over the next several decades.

Without change, today's young adults will be hit hard. It's a structural problem that can't be fixed with little tweaks. Now is the time to fix it.

We are producing a series of short internet videos to explain this issue to everyone.'


The US SS system will not fall into debt within the next ten years... it will simply no longer be providing a surplus to the federal budget, and will be drawing down a significant trust fund equalling nearly half of all federal debt.

It is scheduled to reduce benefits to only 85% of currently projected benefits sometime around 2043... and for the eighty year project shows no signs of bankruptcy.

Medicare will go bankrupt sometime within the next few years.

So what are they proposing for a 'fix' to the World's Greatest Ponzi Scheme?
And is this 'fix' just another means of providing tax dollars to the federal government for reallocation?

[jaqeboy]

You can address your questions to one of the filmmakers at LinePlot Productions. PM me and I'll send you his address. Otherwise, I'll try to get him to join in on this thread.

[error]

Yeah, but the problem is, the Social Security Trust Fund doesn't exist.

[John Edward Mercier]

In essence no. But from accounting it does.
But that would still make the 'fix' not about Social Security, but the wreckless deficit spending in the other accounts.

A few years back the Federal Highway Administration, which is funded with the federal gas tax (and maybe a few other small sources) had to be 'recapitalized'. This wasn't do to overspending on highway-related maintenance and development... it was due to what is sometimes called 'intermodal transportation', which general doesn't pay the federal gas tax.

So whether the 'recapitalization' cash came from selling bonds to the Chinese, or selling bonds to the SS Trust Fund really doesn't matter. Just so much easier to screw the elderly American voters that have paid their entire life instead of the Chinese Government with it million man army.