[Son House]

"impose higher taxes on future workers"

Article is from 1999, these are partial excerpts, but those 'imposed higher taxes' are getting closer.

The next President and Congress will "impose higher taxes on future workers" to repay Social Security IOU's.

I would hope some urgency would be put into privatization and even immediately imposing the lock-box Al Gore suggested, after learning about 'Ear Marks'.

Higher tax rates will mean less opportunity to find work. I am not an authority on Social Security IOU's(see Congress), though hopefully, someone can respond to help put into perspective the up-coming tax increase.

[sgtbono2002]

I distinctly remember when George Bush came into the Presidency he had a plan to deal with Social Security. The Democrats told him —No— there is no problem with Social Security and shuffled him off.

We have sat for 8 years doing nothing because Democrats said there was no problem. The next President no matter what party he is in is going to have to face this mess the Democrats said didnt exist.

[sergeantdave]

A good start would be to seize all the assets and real property owned by the thieves in Congress, past and present.

Then sell off the 196 million acres of federal socialist forests.

If that’s not enough, fire 10 million federal bureaucrats and end all federal retirement benefits.

Then tell the Congress and the bureaucrats: “We’re taking things away from you for the common good.”

[nyyankeefan]

jorge bush/the no cajones republicans/all lib/dems.....
with amnesty will destroy any last vestiges of Social Security...

being the tax paying citizen...I have been mandated to pay into this system for many many years....in another decade when my time comes to actually collect...thanks to jorge & gang, I won’t be able to collect due to the money all to be going to illegals......

what a great social contract!!!!

[Uncle Chip]

The Social Security Trust Fund is a deception. It contains no genuine assets, only government bonds--IOUs that have no value beyond a promise to impose higher taxes on future workers.

Well --- wait a minute --- the Federal Government that has borrowed this money from us Social Security Taxpayers to enlarge itself at our expense does have a lot of buildings, lands, properties, and pension funds itself that far exceed the value of those Social Security bonds. Maybe the Social Security taxpayers can take those assets in exchange --- in a sense buy back their own government with those IOUs.

Their answer: "The Treasury would have to (1) increase its borrowing from the private sector and from other countries to raise the cash necessary to fund the deficiency in the OASDI program, or (2) raise taxes." 13

or [3] sell, license, contract out American assets like highways, national parks, other such functions and assets that the government owns to public-private partnerships that will then charge the public for what their taxes have already paid for, as they are currently doing, or [4] just restructure itself into the North American Union with Canada and Mexico, as they currently are doing as well.

[RDasher]

Of course this should not be news to anyone. A private system is really the only solution. — But meanwhile, tick - tick - tick...

[devolve]

 WHAT  NOW  MY  LOVE? 

NOW  THAT  YOU'VE  LEFT  ME?