WHEN DEMOCRATS TALK ABOUT SAVING SOCIAL SECURITY, WATCH OUT!

Similar to Papa Bush's broken "Read My Lips" promise when he bailed out the Savings and Loans, Dubya's Social Security "Privatization" is nothing but a scandalous assault of taxpayers by Wall Street financial institutions. The Shrub is also facilitating this thievery with his putrid proposal for subsidized terrorism "insurance".

If the current SS System = Enron, then Dubya's "privatization" plan = Arthur Anderson.

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.

Daschle's "concern" over the Social Security system is a lie.

Bush's plan to Enronize the system is worse.

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

bump

Great points.

I'd like to point out that all the scare talk over stock market losses is pure propaganda. Under Republican proposals, one would have control of his social security funds, and the government would not force him to put it all in stocks. If someone just put it all in top quality three year corporate bonds, he would still retire with a six figure account instead of a shaky promise that he would get his children's money.

If I were in my twenties or thirties I would put most of it in stocks given the chance. Over thirty to forty years one would only lose his money if America fails.

"If I were in my twenties or thirties I would put most of it in stocks given the chance. Over thirty to forty years one would only lose his money if America fails."

I agree. If we could have invested in the market we all would have had a much better return on our money.

This is only a small amount that will be invested, 2% is the sum I recall hearing. Much smaller than what I believe is currently allowed for Government workers who CAN invest part of their retirement funds in the same stock market that we cannot.

I never ever see a mention that Clinton not only signed a tax on Social Security but it was also retroactive.

good post, you can also get more info from:

http://www.cato.org
http://www.heritage.org
http://www.socialsecurity.org

And it's the Black Male who benefits the least from social security.