Read later.
I have a fool proof way to balance the budget. Stop all congressional pay raises until the budget is balanced, SS is well financed into 2100, and the debt is starting to be paid down. I figure this will take about 2 or 3 weeks once we give the lying, thiefing, dirtballs in Washington this motivation.
Good, at least we have one person in Congress standing up for economic sanity. These points bear repeating, over and over.
Bears constant repetition.
He is my congressman and he came to my Christmas Party. We just love him.
I doubt many people will read this. They don't want to know the truth about SS or if they do know the truth they don't want to think about it. If every American knew the truth about social security, and how politicians of both parties steal money from the program they would be outraged and politicians would be forced to stop.
Perhaps it is wishful thinking on my part. It does seem strange that the theft of billions of dollars is tolerated by the people of this country though. Strange that most of them think that it IS ethical for politicians to steal SS money and use it for other things, but refusing to pay SS taxes to the thieves IS NOT ethical. The notion of right and wrong is twisted upside down in this country.
Whats right has become wrong and whats wrong has become right. It's a government of lies lead by thieves, and the people are the fools who allow it.
Bush's SS "reform" will be a huge windfall for our rulers. Can you imagine the lobbying dollars that are going to flow into Congress in order to get a piece of the action?
May I add -- TERM LIMITS! No more lifetime congresscreatures, and you take away what fuels Washington -- POWER (and money.) How many of these people go to DC as regular, middle-class people and leave as millionaires???? The Clintons come to mind!
I think it is safe to assume that the great majority of Freepers understand and agree with this statement. It is true.
What many may not remember is that our hero Ronald Reagan raised those very taxes in the early 80's "too save Social Security". In fact, all he did was raise our taxes via the payroll tax while cutting the income tax. I'm sure it was net plus for the taxpayer but don't kid yourself, he just built another giant slush fund for congress to spend in order to insure that they get re-elected. It was a foolish thing for him to do. We have been running a surplus in the SS tax collections ever since and every penny of it has been spent.
sorry to offend the Paulophiles ... but his response is long winded and typical political speech ...
bottom line with socialist insecurity is that the "old age insurance" program is and has been actuarially out of balance.
i.e. most of the money that goes in pays current retirees ... because people since the late 30s have been getting out more than they paid in plus interest and inflation ... otherwise known as a ponzi/pyramid scheme
e.g. today the average retiree lives to 76/77 but has collected their fare share by about 71 (fair share = everything they put in plus interest and inflation).
Problem is no politician has the guts to talk about putting the system into actuarial balance (i.e. RAISING THE RETIREMENT age ... bumping it up a year every 2/3 years until it gets into actuarial balance .. which today would be about 72/73 ...
about the problem gets worse with the baby boom generation ... who yes paid more into the system ... but their age expectation is expected to rise to the mid 80s.
So, our politician have only addressed the actuarial issue (raising the age) once ... the raising to 67 in the future ... which is too little too late ...
instead the FICA portion of socialist insecurity has gone from I believe initially .5% to 6.2% ...
ANY POLITICIAN ... including Ron Paul ... who is not willing to come out and say the retirement age for the program is the main problem ... is looking out for one thing ... GETTING RE-ELECTED ... becase the AARP is the most powerful DC lobby in the country.!
We were forced into this program when we received our first paycheck (unless you are a government type exempt from the little people laws). I was to get this piss poor return on my money when I retired at 65. Then they passed a law, retroactive in relation to my earnings to force me to wait until 66.5 to receive my full check. That is an illegal ex post facto law and it should be struck down.
The SS number was also supposed to be used for "benefits" only and illegal to require it for other purposes. Well the bastards changed that law in the middle of the game also.
Ex post facto is most typically used to refer to a law that applies retroactively. Two clauses in the US Constitution prohibit ex post facto laws: Art 1, § 9 and Art. 1 § 10. see, e.g. Collins v. Youngblood 497 US 37 (1990) and California Dep't of Corrections v. Morales 514 US 499 (1995).
Too late. The horse has been stolen, the barn burned and the thief sits in Washington D.C., laughing at us.
The only honest solution to the future insolvency of the program is for Congress to stop spending so much money.
Yeah and the best way to stop the hemmorhaging of our tax dollars is for the Congress(Senate and House members)to stop the utter corruption of their lying and stealing of these tax dollars for their pork barrel friends!
Do you as the elected to the U.S.Congress wonder who is to blame, take a look at yourself in a mirror!
Surprise, Surprise!