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There's some good banter that the President has with some of the folks after his speech too! :-)
1 posted on 03/04/2005 4:07:32 PM PST by ConservativeStLouisGuy
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To: ConservativeStLouisGuy
Both major political parties perpetuate The Big Lie regarding Social Security. The Big Lie has existed since Social Security's inception. The debate over "privatization" is only the latest version of The Big Lie.

The Big Lie is that Social Security is some kind of retirement savings plan.

It is NOT.

Social Security is a socialist income redistribution scheme, nothing else.

Those who are working are taxed to provide a "safety net" for those who are less fortunate.
Originally, this meant retirees and surviving dependents.
Congress has, of course, complicated it far beyond this over the last 65 years.

But one fact remains: it is NOT a "savings plan", it is an income redistribution scheme.

A major facet of The Big Lie is that "we have to do something so that Social Security remains solvent in the future.

Poppycock!

In today's age of modern computerization, the computation for operating an income redistribution scheme that remains perpetually solvent is quite simple:

This month's total SS tax receipts = Next month's total SS tax disbursements

The only change necessary to the current system is that monthly payments to eligible recipients would be a variable amount, not fixed.

THERE IS ABSOLUTELY NO NEED FOR A MULTI-TRILLION DOLLAR "TRUST" FUND!!!

Congress should NEVER have been permitted to confiscate so much money from the American People in the name of The Big Lie. This fund is nothing but a slush fund that Congress raids to pay for other government expenditures. If private sector employers did the same thing with their companies' pension funds, they'd be placed in prison. The "privatization" plan proposed by Bush is merely an attempt by Wall Street brokerage firms and financial institutions to get in on the scam: grab a portion of a constant revenue stream (guaranteed by taxation) from which they can skim their commissions.

The American People need to wake up and put these liars and thieves in prison.

2 posted on 03/04/2005 4:09:36 PM PST by Willie Green (Go Pat Go!!!)
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To: ConservativeStLouisGuy
President Discusses Strengthening Social Security in New Jersey

Why does it need strengthening in New Jersey? I thought that state was already quite liberal.

6 posted on 03/04/2005 5:26:11 PM PST by vox humana
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To: ConservativeStLouisGuy

bump


9 posted on 03/05/2005 7:43:46 AM PST by Eva
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