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Write 100 times on the blackboard:

SOCIAL SECURITY/MEDICARE ARE NOT ‘ENTITLEMENT’ PROGRAMS.

It is a program that people PRE-pay into for 50 years before they can use it.

And Medicare: health insurance PRE-paid for for 50 years and THEN, over $100 a month premium, a yearly deductible, 20% co-pay and office visits are not covered.

The program would be solvent had the gov’t not EMBEZZLED trillions from it for other purposes - and did not the gov’t now rob from it to give to millions of young people who have paid little to nothing into it - people perfectly capable of working, but who sit on their lazy arsess collecting a monthly check, food stamps and ONE HUNDRED % medical. NO premium, NO deductible, NO co-pay, office visits covered - AND free counseling (not covered for seniors.) All these people need to be - or claim to be - are current/past alcoholic/druggies/”bi-polar” etc.

These people's largess should not be robbed from Social Security/medicare funds.

GET IT?

Gov’t should be made to repay it's notes to Social Security and the interest built in would keep it solid. Remember, not everyone lives to collect SS, and many not for long.

Separate the SS/med. funds, pull the mooches funds from general and start cutting out the fraud and waste.

But SOCIAL SECURITY is NOT a ‘freebie’ program for seniors. They've paid the dues ahead and are still paying into medicare.

My FRiend, I have thirty years paying into “it” The govt DID embezzle and it is now insolvent, be happy you got something for your “investment” The system must be stopped. I'm not even asking for my money back just stop taking my money now and let me decide it's fate.

So, the people who started receiving it in the 1940s paid into it for 50 years?

It’s not insurance...never has been.

Either Social Security and Medicare will be means-tested, or the government will go bankrupt. Those are the choices. It’s looking like it’ll probably be the latter.

The money they paid in has been spent. It’s gone.

And if they’re still working, they’re still paying into Social Security while they’re collecting it. Go figure.

Erase your blackboard, and try again.

The Government has not embezzled any moeny from the social security system. From the first day the system operated, the Social Security Administration has been forbidden, by law, to save up any money, or invest in anything the Government could ever possibly collect on.

Here’s the only way it has ever worked: Social security taxes are paid into the Social Security Administration. They pay out Social Security checks. If they have any money left over, they send it to the Treasury, which immediately spends it on current Government operations. If they don’t have enough money, the send a message to the Treasury that says “Send us 100 million.” (or whatever amount). The treasury sends them the money, and they immediately mail it out. In no case is anything ever saved.

When Social Security sends money to the Treasury, the Treasury sends them a government bond, which they, figuratively speaking, put on a stack in the back room. When they get money from the Treasury, they take a bond off the stack, and send it back to the Treasury. When people speak of Social Security going bankrupt, they are referring to the projected date when that stack of bonds will run out.

The kicker is that the total value of those bonds is zero.

You can invest in US Government bonds. You can invest in General Electric corporate bonds. You can invest in IOUs from Joe, who lives down the street. If I gave you a check for $1,000, you would be $1,000 richer. But if I write myself a check for $1,000, it will not make me any richer. If Joe writes himself an IOU for 5 billion dollars, that will not make him a billionare. General Electric cannot invest in General Electric corporate bonds. And the US Government cannot invest in US Government bonds.

When someone else owes you money, you have an asset. When you owe someone else money, you have a liability. When you owe yourself money, you have nothing. The Social Security Administration has nothing. It has never had any assets. It has always been forbidden by law from having any assets.

Social security checks have always come from a combination of three place: Current Government revenues, current Government borrowings (from other people, not from itself), and newly printed money. That’s all you’ve ever gotten. The money you sent it was all spent right away; it was all gone before you got anything.

When the politicians were taxing you, they promised that they would save up that money. They lied. They spent it all right away. Social Security has never been a savings program, it has only ever been an entitlement program.

Plans to pay everyone back what they put in founder on the same rock. There’s no money to pay those checks. There are no assetts in the system. There never were.

On the plus side, if you’re worrying about the Social Security Trust Fund running out of Government bonds, you’re worrying about almost nothing. Congress could pass a law tomorrow, directing it’s Treasury to print up five trillion dollars worth of bonds, and hand them to the Social Security Administration, to add to the stack. This would not make the government any poorer (except for printing and administrative costs). Congress decreeing that its Treasury owes its Social Security Trust Fund five trillion dollars, is like me decreeeing that my bank account owes my wallet a hundred bucks. So what?

These people's largess should not be robbed from Social Security/medicare funds. GET IT?

Sorry, but you are sadly mistaken.

There is no "trust fund" or "lock box" for Social Security or Medicaid. The Govt took the money, and spent it.

If I took a piece of candy away from a 5 year old, and gave them a plastic token in return, and then ate the candy, even the 5 year old would know the candy was gone.

The government took all taxes (and they were taxes) from Social Security, replaced them with IOUs, and now we are $14.5 Trillion in debt.

Moreover, those who screamed "I paid" have no moral argument as to being "deserving" when veterans who had their legs blown off are now facing real cuts - to the VA, to TRICARE, and to their military retirements.

Under debt deal, military pay, veterans programs in play for cuts

If these heroes are subject to this, then so is your Social Security and Medicaid. In fact, if it were not for the fact that Obama, Reid, and Pelosi are protecting entitlements like a mafia boss protects his loot, then veterans programs (those who really served this nation) and active duty salaries for those who are sacrificing now for our nation would not even be in consideration.

So much for a "grateful" nation. You stand where you sit. All the talk about "supporting our troops" goes right out the window if the balance of scales means our heroes, or your check.