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Monday, August 22, 2011

US SSS on the Verge of Insolvency?

Our generation needs an ENTREPRENEURIAL REVOLUTION.

From Yahoo News Today, Aug 22, 20ll


AP - Laid-off workers and aging baby boomers are flooding Social Security's disability program with benefit claims, pushing the financially strapped system toward the brink of insolvency.


At the end of July 20ll, before the debt limit law was passed in US, one of challenges faced by US treasury was how to pay the SSS checks.  Now with this news, what will be the future of the US retirees and those who do business with them.

Will this affect Phil OFW retirees, Fil am retirees, Filipino residents who are SSS pensioners from the US?

Will this affect entrepreneurship in the Phil?  The Phil economy?   What do you think?


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