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To: SkyPilot

Fine dude then give me my money back that I have paid into it and kill the programs. I never wanted a damned dime but they have taken from me and taken from me and I am now 58. If not... should we just gift the Fed with our stolen funds and then cancel the programs? I’ll tell you this... get them to do away with both SS and Medicare and defund obamacare and I will forgo ever collecting a dime of my money. I would gladly lose all that I have paid into these redistribution programs to start to cancel socialism in America.


6 posted on 09/16/2013 4:03:38 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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To: LibLieSlayer
Fine dude then give me my money back that I have paid into it and kill the programs. I never wanted a damned dime but they have taken from me and taken from me and I am now 58. If not... should we just gift the Fed with our stolen funds and then cancel the programs? I’ll tell you this... get them to do away with both SS and Medicare and defund obamacare and I will forgo ever collecting a dime of my money. I would gladly lose all that I have paid into these redistribution programs to start to cancel socialism in America.

I am with you, but that will never happen. They need the people's money who are working now to pay those who are collecting. It is the exact definition of a Ponzi scheme (pay off previous clients with the current cash from newer payees, and have nothing left for the newer payees when the system collapses).

All current Social Security is "paid for" via payroll taxes or borrowed money. Period. There is no vault of "my money" or your money anywhere.

Many people believe that Social Security is an "earned right" because they have paid Social Security taxes, they are entitled to receive Social Security benefits. As I stated earlier, the Supreme Court ruled 53 years ago in Fleming v. Nestor that there is no legally binding contract to pay anyone anything.

The amazing thing about those clamor for a "Government Shutdown!" the loudest is that many of them are the biggest beneficiaries of the largest share of our spending that is the source of our debt and deficits: Entitlements.

The Sequester did nothing to address this explosion of Entitlement growth, in fact, it completely ignored the problem. The source of our spending nightmare is not discretionary spending, it is Entitlements (both earned and unearned). The 3 worst actors are Social Security, Medicare, and Medicaid, two out of three are earned Entitlements, but they are all a train wreck, and ObamaCare is about to add to the carnage.

We need real tax and Entitlement reform, in the vein of Simpson-Bowles. If we don't do that soon, we will collapse. Moreover, that collapse may be accelerated with this current Washington DC brinkmanship. I believe we may have a technical "default" within the next few weeks or months, and if that happens, the US Dollar will lose its status as the world's Reserve Currency. When that happens, we cannot borrow as we have, and our interest payments on the current debt as a percentage of the Federal budget will skyrocket.

There are no good scenarios.

9 posted on 09/16/2013 5:34:55 AM PDT by SkyPilot
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