[freeangel]

Thanks. Save for later

[djf]

“Now, get this through your head. We’re going to spend and spend and spend, and tax and tax and tax, and re-elect and re-elect and re-elect, until you’re dead or forgotten.”

Harry Hopkins, trusted advisor ro Roosevelt.

[Nuzcruizer]

"Here's what a 1936 government Social Security pamphlet said: "After the first 3 years – that is to say, beginning in 1940 – you will pay, and your employer will pay, 1.5 cents for each dollar you earn, up to $3,000 a year .

That means you will pay up to $3000 a year, not 1.5 cents on up to $3000 of income. Therefore, this is misleading. A erson making $50,000 would pay a max of $3000 in otherwords.

"First, there's no Social Security account containing your money"

That's right, and that's what is going to change. And there is no "right" to SS payments. You may get a check, but if you have other income, it may be clawed back via taxes. Tax on taxable income will never change. Having income to tax is still a good thing, which is what you will have with this plan. It, like all income you have will be taxed as you beginto draw from the account you (hopefully) saved.

[Hardastarboard]

They also told us that the Social Security number would never be used as an identification number. Try doing business without one sometime.

[sr4402]

Twelve senators, including five Democrats – Dianne Feinstein, D-Calif., Barbara Boxer, D-Calif., Christopher Dodd, D-Conn., Richard Durbin, D-Ill., and Edward Kennedy, D-Mass.

Surprise, Surprise... democrats opposing fixing social security by any means. Why expect anything different of democrats?

[Bigun]

Walter Williams is a national treasure! Plain, unvarnished TRUTH is what we get from him and nothing more.

[PGalt]

OUTSTANDING POST! Thanks. Socialist Security is the greatest Forced Fraud EVER perpetrated on free people.

[Phantom Lord]

Walter Williams is always a must read.

[Bigun]

If a private retirement company reneged on its promises, we could take it to court. If Congress reneges on its promises, there's no judicial course of action whatsoever.

Cannot be said any more plainly than this! Thank you Dr. Williams!

Social Security is nothing more than a government run Ponzi Scheme and the sooner we all catch on to that fact the better!

Another GREAT POST John!