Each year the Social Security obligations of our nation increase. As the United States government collects Social Security payments from our paychecks, they are not putting the money into a special account which will grow over time. Instead, they spend the money and then promise they will pay us what is owed later. If you are I tried anything like this, it would be called a Ponzi Scheme and we would be doing time with Bernie Madoff.

How on earth is our government going to pay Social Security obligations? The reality is that they can't, and it is a time financial time-bomb, just like Medicare. Interestingly enough, rather than fixing our health care system and Medicare, we are adding to it and increasing our obligations. Our government will eventually go bankrupt over all of this. If you add up the Social Security obligations with the Medicare obligations there is no possible way and our country can afford it.

Some say that if we have massive inflation, and we extend the age that people are allowed to collect on Social Security, that we can actually meet the obligations. But that isn't entirely true because there's a thing called COLA, or cost-of-living adjustments that are tied to social security payments from the government.

Over the next two years, there will be no cost of living adjustments for social security? Well, that's the plan, a horrible plan indeed, not for our nation's budget, but rather for the seniors who will have little if any money to assist them, as inflation takes its toll on our population and economy. Consider if you will that we will be soon entering a period of hyperinflation due to the massive amounts of money we have spent in the stimulus package.

Some would say that we do not need cost-of-living-adjustments right now because we are in a recession and we are actually having a deflationary period, but in 2010 and 2011 that won't be the case as our economy is rebounding now, and this is going to screw over all of our seniors. Isn't it amazing the kinds of things that go on behind our backs? Please consider all this.