Bout time, gang..
We at FR have been telling you that for YEARS!!
Don't you think this belongs in "Breaking News"?
ML/NJ
When Perry embraces SB1070-esque legislation for his state, and perhaps starts building The Great Wall of Texas, he’ll have more Conservative street cred.
In other breaking news:
Dog bites man!
Water Wet!
Pope Catholic!
Bear shit found in woods!
Do you think Perry is trying to achieve secession by other means? Because he continually advocates for removing Texas from any Federal laws or programs, which - if successful, would result in the same result.
Correctamundo! We were sold into slavery by our grandparents - you know, the greatest generation? Sorry to be so direct about it, but that’s the facts. The voters who elected FDR and the democrats to Congress picked the pockets of their children to pay for their old age, and ever since, every subsequent generation has kept up the con. You couldn’t opt out, and you couldn’t get the time of day from the majority who thought that it was a good con. While it lasted that is. Now our demographics won’t support the con any longer. Too bad for all of us who paid in (me personally I started paying at age 14 and 40 years later I’m still being scammed). We’re not going to get what we put in. All arguments aside, there just isn’t any money. The Republicrats spent it. And you can’t borrow money from yourself, so all those pieces of paper in tbe Bureau of the Public Debt (in Sheets Byrd’s home state, btw) are worthless.
My father told me the same......in 1967.
Medicare is an even bigger scam...but I'm not sure who the big beneficiary is...the pharm companies, the doctors who do "volume". My PCP does volume and only works part time....you tell me...
No $hit Rick; just figure that out?
Always been true, but now you can almost get away with saying as much.
“What I’m saying is that between Social Security, Medicaid and Medicaid there’s $106 trillion of unfunded liabilities and not one dime saved to pay for them,”
But, but the government PROMISED! Look at what they said in 1964!
http://www.ssa.gov/history/ssa/usa1964-2.html
Self-Supporting
“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government. Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”
And here is where your money disappears into the system. Read and weep!
http://www.socialsecurity.gov/OACT/ProgData/fundFAQ.html#n4
If Perry wasn’t such a loser, I’d support him. At this point, I’m suspicious as hell of him.
Call me thick if you like but I only realised this 15 years or so ago when the Australian governement started talking about them not being able to afford to pay everyone the pension by the time I retire.
“What? Havn’t you been putting away a portion of the tax I pay to pay for my retirement?” - seems not!
Ponzi scheme of the worst order!
Mel
It’s worse than a Ponzi scheme. SS is not only a Ponzi scheme, but is a Ponzi scheme where you are forced to “invest” under threat of prison. At least, the other Ponzi schemes leave you the freedom to invest or not.
Perry must have gotten a back brace. He almost sounds like he got one of Palin’s balls.
Of course it is a Ponzi- pyramid scheme. The first receipients paid nothing into the system. The boomers money was not set aside like insurance for the boomers, it went to pay for their parent’s current benefits. The surplus created by having more boomers and greater contributions was raided by the dems by mixing it with the General Fund. Also, immigrants who had not paid into the system are now drawing benefits.
The difficulty arises because the shrinking numbers of people in the workforce can no longer support paying for the current benefits of the boomers and their surviving parents. The money that was supposed to be set aside has been spent, so the deficit becomes debt or a growing demand on General Funds. This is one reason why the government wants to devalue the dollar. It eases the burden because the benefits become worth less. The dems also make the argument that letting in immigrants will increase the workforce paying into SS. (However, it has been shown that they take more benefits than they pay in for.)
There is no longer a question that the young workforce is paying money in for their future benefits. That myth was shattered in the LBJ era when they raided the boomer’s funds. The younger generation’s benefits will be paid by the then current workforce. This is why revisions allowing them to transfer their money over to a 401K or other investment can’t work. Their contribution is needed to pay out current benefits and lessen the draw on debt that resulted from the dems. spending the boomers contributions over the years. Otherwise, there will be an even greater demand on the General Fund to pay for current benefits.
What took you so long Rick? It’s actually much worse. The greatest fraud ever FORCED on “free” people. It’s built on the backs of dead Americans...much like Obamacare will be. WAKE UP!
Life, liberty and the pursuit and destruction of totalitarians.
I suppose he'll get in trouble for stating the obvious?
Literally every adult I know knows this. The only legal crime that politicians have invented (only for themselves;) aside from printing money, that is.