ss will be privatized

evince

ss will be privatized

how nice
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- amen -

BUT !!

a) Privatizing Social Security is like slapping a prettier shade of lipstick on an ugly old pig. What they should do is eliminate it, or at least replace it with an expanded IRA / 401k system.

b) They should only do this for:
b1) citizens that want it
b2) workers just entering the work-force

c) Privatizing the system for citizens that are already Social Security benefit recipients should only (if at all) be voluntary, not mandatory.

It's a contract.
Citizens that spent their entire working lives PAYING into the system have earned their benefits.
To collect their payroll deductions year after year, decade after decade; and then when it's time for them to get theirs; they change the rules; unethical & unacceptable.

Government should be in the regulation bidness, NOT the insurance bidness.
 
evince said:
hungry old people in the streets
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To late with that dead horse....you should have beaten it BEFORE THE ELECTION. The truth? Not one word came from the Hildabeast in consideration of the economy....all she talked about was Women and Pussy. She lost.
 
The Social Security Act was enacted August 14, 1935. The Act was drafted during President Franklin D. Roosevelt's first term by the President's Committee on Economic Security, under Frances Perkins, and passed by Congress as part of the New Deal. The Act was an attempt to limit what were seen as dangers in the modern American life, including old age, poverty, unemployment, and the burdens of widows and fatherless children.

The theft of SS funds has been ongoing since President Johnson treated the trust fund as a 'general' fund. Much of the money funded the Vietnam war.

The intent of the 1983 legislation was to generate large Social Security surpluses for the next 30 years that were supposed to be saved and invested, in order to build up a large reserve in the trust fund that could later be drawn down to pay benefits to the baby boomers. The 1983 payroll tax hike has generated more than $2.5 trillion that is supposed to be in the trust fund. If the trust fund actually held this amount in real assets, full Social Security benefits could be paid until at least 2037 without any changes. Unfortunately, none of the surplus revenue was saved or invested in anything. It was all spent, by the government, on wars and other government programs without making any provisions for repaying the money.

During the past 25 years, five presidents, and the members of Congress, have participated in the great Social Security scam. All Social Security contributions made by working Americans, except the amount which was needed to pay current retirement benefits, has been funneled into the general fund and used for non-Social Security purposes.

So, money paid into S.S. by hard working Americans gets doled out to those who refuse to work and are paid to breed.
 
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