| Had it been used to invest in interest bearing corporate bonds, growth stocks or whatever, the SS fund would be huge by now.
|
Posted on 03/14/2010 7:46:01 AM PDT by Kartographer
The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.
It's time to start cashing them in.
(Excerpt) Read more at news.yahoo.com ...
Those printers are going to wear out.
I would like to see what a multibillion dollar bond looks like, hee hee. Maybe they can sell it on ebay once the IOU is cashed in.
I'm thinking that now is not the time divest myself of my metal investments. I think I'll be buying more in fact.
Those printers are going to wear out...
No problem, I know this little town in Ohio that will give us the money for new ones in exchange for an IOU.
Kick the can, kick the can, eventually the can hits a brick wall.
Kept in a file cabinet in some dinky office bldg in WVA - the cynic in me senses an impending reichstag fire, followed by a court ruling that the bonds cannot be cashed, since the SSA can’t produce them...
... followed by an announcement that since the trust fund is now gone, we will just have to raise SS taxes, or granny will starve...
The only reason they are in a file cabinet in physical form iirc, is because somebody kept inquiring “where” the bonds were.
I don’t know much about treasury securities, but these are “special” bonds, as in they are not marketable treasury securities. I’m not sure if that’s good or bad from the standpoint of America. Probably bad. If they aren’t marketable, then they can be more characterized as an IOU, since they can’t be sold afaik.
The “lockbox” was un-locked in 1968, in order to make the budget look good after billions in social spending and defense spending because of the cold war/Vietnam War. So all the tax income came in to the general fund rather than kept in a social security pool.
This is the result of Ronald Reagan’s greatest mistake: raising Social Security tax rates (”to save the Social Security System”) without demanding some sort of true “lock-box” for the surplus funds that accumulated in the Treasury. What happened to that money? Congress “borrowed” it and spent it. Had it been used to invest in interest bearing corporate bonds, growth stocks or whatever, the SS fund would be huge by now.
“I’m thinking that now is not the time divest myself of my metal investments. I think I’ll be buying more in fact. “
You got that right.
The revolution will start with our elders. When they realize their SS is going to get cut, granny (my parents and in-laws who fought in WWII) are going to kick some Government booty, both at the ballot box and elsewhere.
We need to create a bunch more jobs or prepare for any number of exremely unpleasent realities. Other people’s money is running out.
The “lockbox” was un-locked in 1968, in order to make the budget look good after billions in social spending and defense spending because of the cold war/Vietnam War. So all the tax income came in to the general fund rather than kept in a social security pool.
You are both wrong.
SS surplus funds have been “Invested” in special government securities from the first day that the SS Pay Roll tax was collected.
The SS system from day one was a tax scheme and the SS retirement system was a way to make it palatable and get it through congress.
It has been accurately called a Ponzi scheme and that is why it is failing and always had to from the beginning.
The only way the SS system can be fixed is to raise the retirement age to above the age at which most of the people in the system will die before they reach the age at which they can collect benefits. That was the original design of the system.
Uncle Franklin’s Ponzi scheme is running out of suckers?
The boomer generation starts to retire and F.D.R.’s Ponzi scheme finally collapses,but wait if we legalize 20 million illegals with amnesty then we can keep the scam going! Sadly what these dual “citizens” will do is work off the books or send the money home under the radar so that the anticipated revenue will be nothing but an illusion.
The SS Trust Fund contains non-market T-bills, which can only be redeemed by the USG. The SSTF is part of the national debt and is held under Intragovernmental Holdings. They are IOUs, nothing more. We just owe the money to ourselves. In order to redeem the IOUs, the federal government must take the money out of the General Fund.
The “lockbox” was un-locked in 1968, in order to make the budget look good after billions in social spending and defense spending because of the cold war/Vietnam War. So all the tax income came in to the general fund rather than kept in a social security pool.
The Social Security system is primarily a pay-as-you-go system, meaning that payments to current retirees come from current payments into the system. In the early 1980s, however, the financial projections of the Social Security Administration indicated near-term revenue from payroll taxes would not be sufficient to fully fund near-term benefits (thus raising the possibility of benefit cuts).
The federal government appointed the National Commission on Social Security Reform, headed by Alan Greenspan (who had not yet been named Chairman of the Federal Reserve), to investigate what changes to federal law were necessary to shore up the fiscal health of the Social Security program. In addition to recommending tax increases to alleviate the short-term funding problem, the Greenspan Commission projected that the system would be solvent for the entirety of its 75-year forecast period.
The changes to federal law enacted in 1983 pursuant to the recommendations of the Greenspan Commission increased the Social Security payroll tax so that revenues derived from the tax would exceed the amounts needed to fully fund current benefits, thus causing a reserve to accumulate, which could be drawn upon when necessary. The resulting surplus is accounted for in the Social Security Trust Fund.
The article failed to point out that the absolute large majority of these funds were spent by Democratic Congresses. But it’s written by AP, what do you expect?
The vast majority of Mexicans and South Americans who immigrate here illegally will never, ever play "European Welfare State" even if made legal. Never. Exactly as you say they'll go black market within their own communities and like southern Europe we'll have a good 25% or higher chunk of the economy that is black market.
It'll collapse in short order. Ofcourse, that may be the plan.
That's probably true. And I agree it is a giant Ponzi scheme.
But where would the money come from if you want to cash in these "special government securities". I know the answer - the government would either raise taxes or borrow the money from the Chinese and the Fed. There is nothing behind those "special government securities" except a promise to pay by the U.S. Government. It didn't have to be that way.
And yes, the stealing from the SS system started before Reagan. But he could have stopped it and he didn't.
I have a sickly feeling that your right!
Sen. George Mitchell of Maine lied, misrepresented, and skewed every effort of Reagan and George HW Bush to fix Social Security, cut the budget and reduce the size of government.
Mitchell is nothing but a s**t pile with shoes.
Not really. SS is a pay as you go system. After all of the benefits are paid out, whatever is left is the "surplus." The so-called "surplus" is deposited into the General Fund and the Treasury issues non-market, interest bearing T-Bills in the amount of the surplus.
The SSTF was started under Reagan after SS went into the red in the early 1980s, i.e, it was paying out more than it was taking in. P.L. 98-21, (H.R. 1900) Social Security Amendments of 1983-Signed on April 20, 1983 increased SS taxes and reduced benefits including raising the retirement age to 67 for full benefits.
SS is a Ponzi scheme that is unsustainable. In 1950 there were 16 workers to every retiree; today there are 3.3, and by 2030 there will be two. And the benefits are not tied to revenue. They are on automatic pilot as COLA increases continue to rise. People on SS today, including me, have received far more than we ever contributed. We are on top of the Ponzi pyramid.
An amnesty will make the SS situation worse. Even illegals grow old and they will get more out of the system than they are contributing. 53% of all immigrants in this country are on welfare. We are importing poverty through our legal immigration policies, which bring in 1.2 million immigrants annually.
If Abortion would have been made illegal, look at all the additional tax payers we would have had. Yes, some would have been on welfare but that also could have been handled. We seem to have the ability to cut our own throats.
Since 1970, the U.S. population has increased from 203 million to 309 million, i.e., over 100 million. In the next 40 years, the population will increase by 130 million. How many more people do you want in this country? We will have nearly half a billion by 2050.
How long have non-marketable Ts made up the ss trust fund? I find it difficult to believe since inception,
How?
Bush tried to change SS and couldn’t and he had Republican majorities in both houses. Heck Reagan tried to disband the Dept of Education that was barely 2 years old and couldn’t. How was he going to get rid of SS that was fifty years old and had millions of people dependent on its monthly checks.
By the way I would not want the Federal government investing in the private securities market for me or anyone else.
That would politicize the market. The Fed would have huge quantities of money to invest and would decide which companies would get the benefit of the government investment. It would also make the government the de facto owner of much of the private sector.
The best solution is to do away with SS altogether. The second best is the plan Bush had in mind; to allow people to opt out of the SS system and invest a portion of their contribution in to a private investment account.
| Had it been used to invest in interest bearing corporate bonds, growth stocks or whatever, the SS fund would be huge by now.
|
-- Barbara Kennelly. Former Democratic congresswoman (CT). Current president of the National Committee to Preserve Social Security and Medicare.
I feel MUCH better knowing that Barbara is in on the job. She clearly understands our fiscal dilemma.
Speak for yourself, not for all of us.
I am collecting SS right now, and I started as early as possible, based on the my own feeling that it is probably politically impossible to reduce benefits once they have started to be paid.
If I attribute any reasonable interest rate at all to the money stolen from me, it is just not possible for me to collect enough to recoup that money, no matter how long I live.
And, if that money had been invested in nothing more sophisticated than the overall stock market as it was stolen from me, I would be wealthy beyond my wildest dreams.
Social Security is nothing but a fraud.
I guess what you are suggesting is that we go to the Chinese method. Only one child per family. If we are to continue as a society, we need the young. Our population is aging faster than our young are being produced. I agree that our population is growing but not at a rate that can sustain this country. The elderly can’t fight wars, they can’t work the farms or run our factories. The young aren’t getting the education to continue what we have, let alone for the future. It’s a problem, I agree but there has to be another answer rather than kill babies.
The SSTF was only created in the 1980s. Before that, any surplus went into the General Fund.
Pure nonsense. I suggest you run the numbers. How much did you contribute totally, starting when?
While the current Social Security payroll tax is 15.3 percent on income up to $106,800 a year, the tax rates and the wage base were much lower when most current retirees were working and contributing to the system. As recently as 1972, the maximum payroll tax paid (by the employee) was only $419 a year. Even including interest earned since the contributions were made, most retirees receive back significantly more than they contributed.
Social Security & Medicare Tax Rates
The reality is that your social security contributions do not belong to you. The U.S. Supreme Court decided this in 1960 in the case of Fleming v. Nestor. Bulgarian immigrant Ephram Nestor was deported in 1956 for being a Communist in the 1930s. After Congress prohibited Social Security benefits for deportees in 1954, Nestor sued. He claimed title to his FICA tax payments between 1936 and 1955, the year he retired. The Supreme Court disagreed: "To engraft upon the Social Security system a concept of 'accrued property rights' would deprive it of the flexibility and boldness in adjustment to ever-changing conditions which it demands.
You could pay into SS for 50 years and not get a cent except for a small burial allowance. It is an insurance scheme, not a pension system.
If NAFTA would have been made illegal,look at all the additional tax payers we would have had. Who made that law btw? Bill Clinton? Who, during a televised debate with Ross Perot, assured all of America that NAFTA would be good for America? Al Gore. Who is now assuring us that global warming is going to destroy the world? That’s right, Al Gore. Fool me once, shame on you. fool me twice, we won’t get fooled again.
I am sure that recipients had expectations and if promises were made, they were never put in writing.
Just remember this while the crooks make similar promises while forcing Health Care on all of us. Heck, they don't know what is in the bill. Here we go again!
fine with me but I want every dollar I ever paid into it returned to me before they kill it off.
“Social Security’s shortfall will not affect current benefits. As long as the IOUs last, benefits will keep flowing.”
Don’t count on it. The courts have repeatedly noted that NO SOCIAL SECURITY BENEFIT IS GUARANTEED BY LAW.
The money has already RUN OUT, which is why the IOUs - requests from our empty left hand that our empty right hand go out and find the money AGAIN - are now coming due.
There is nothing stopping the American taxpayer, acting through our elected officials, from saying “NO” on borrowing 100% of what Social Security (our left hand) will ask us (our right hand) to borrow.
We may even have to make benefit reductions based on a progressive means test, instituting an actual retirement income “insurance” concept to SocSec (”insurance” pays when needed, and “need” is a matter of policy, not blanket entitlement regardless of conditions). I would have no problem NOT paying Social Security to Bill Gates, Michael Bloomberg, Warren Buffet, John Heinz-Kerry, et al.
[Unless they would “donate” allot of their great wealth to a “Social Security Solvency Fund” to the point where they had “average” private retirement incomes /sarc].
Meanwhile, young new workers should - in a stair-step, staged process, running through the actual retirement period of the “baby boomers” - have increasing portions of their FICA payroll deductions shifted from traditional Social Security to their own personal retirement savings accounts.
By the time the bulk of the “baby boomers” have deceased - 20-30 years - young workers just coming into active employment should see, for the 1st time, 100% of FICA going to their own accounts, and/or the option of going totally private with such accounts, without FICA (probably won’t be allowed out of FICA by the political class without evidence of participation in a private system that has no-cash-out and no-pay-out-until-retirement provisions).
A “Libertarian” ideal? No. But maybe a realistic possibility, grounded in the idea of a massive education process whereby the American people come to understand that what the political class has done with the FICA contributions was nothing other than legalized theft with the selling of the myth that the “surplus was saved”.
It will take time to “end” Social Security. It cannot take place in a single step, because the amount of debt (IOUs) called “assets” in the “trust fund” and the promised benefits expected to be paid from it cannot be resolved, completely, in a very short time frame.
Well - starting in 1968. That was the start. A lot of people don’t know that Fannie Mae was floated then as well. They depend on everyone to have no attention span, for one thing.
Medicare is in far worse trouble than SS and harder to fix. By 2014, 45% of all Medicare expenditures will come from the General Fund. By law, 75% of all Medicare Part B and Part D come from the General Fund now. It is unsustainable. Every day, for the next 20 years 10,000 Americans will become eligible for Social Security benefits.
...but I want every dollar I ever paid into it returned to me before they kill it off.
**********
That will NEVER happen. Read the Flemming v. Nestor decision. You have zero claim on the SS tax you’ve paid, and you have no right to receive benefits regardless of how much SS tax you’ve paid or for how many years. If you get cut off from receiving benefits like Nestor did, you DON’T get a refund of SS tax paid.
OK, I’ll settle for bloood running in the streets then.
What do you mean, “paid”?
That money was/is confiscated from the people by this government.
You “paid” the tax. The word “paid” is correct even if the payment was involuntary.
***And the cubbard was bare.***
But, but the government promised us!
Look at this SSA publication from 1964!
http://www.ssa.gov/history/ssa/usa1964-2.html
Self-Supporting
The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government. Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.
*****
THE OLD AGE PENSION CHECK
Roy Acuff & His Smoky Mountain Boys - 1939
When our old age pension check comes to our door,
We won’t have to dread the poor house anymore.
Though we’re old and thin and gray,
Good times will be back to stay,
When our old age pension check comes to our door.
When her old age pension check comes to her door,
Dear old grandma won’t be lonesome any more.
She’ll be waiting at the gate,
Every night she’ll have a date,
When her old age pension check comes to her door.
Grow a flowing long white beard and use a cane,
‘Cause you’re in your second childhood, don’t complain.
Life will just begin at sixty,
We’ll all feel very frisky,
When our old age pension check comes to our door.
Powder and paint will be abolished on that day,
And hoop skirts will then be brought back into play.
Painted cheeks will be the rage,
And old maids will tell their age,
When their old age pension check comes to their door.
All the drug stores will go bankrupt on that day,
For cosmetics, they will all be put away.
I’ll put a flapper on the shelf,
Get a grandma for myself,
When her old age pension check comes to her door.
There’s a man that turned this country upside-down
With his old age pension rumor going ‘round.
If you want in on the fun,
Send your dime to Washington,
And that old age pension man will be around.
IOU’s to itself by FedGov. What could go wrong?
Why do you think 0 wants to cut and gut SS, Medicare? And impose 35 new taxes on us, they’ve tapped out SS and Medicare.
Defeat Obamacare call list: List now contains the new MAYBES culled from FR posts. Be sure to call KNOWN RINOS too.
KEEP THE CALLS UP! DC OFFICE LOCAL OFFICE
Code Red” - House Target List on Health Care
The National Republican Congressional Committee has published a target list on health care. In addition to continuing to contact the five Tennessee Democrat Congressmen, you can go http://www.votervoice.net/link/clickthrough/ext/94697.aspx to contact some of these targets. Much of the talk following Obama’s announcement has focused on how to defeat this second bill through reconciliation, but that is misleading because the first step to defeating Obamacare is not by concentrating on defeating the “fixer” bill but by defeating the Senate bill in the House when it goes to the floor for an up-or-down vote on Thursday, March 18th.
Rep. Lincoln Davis 202-225-6831 Columbia office: 931-490-8699
Rep. Jim Cooper 202-225-4311 Nashville office: 615-736-5295
Rep. Bart Gordon 202-225-4231 Murfreesboro office: 615-896-1986
John Tanner (202) 225-4714, Union City, (731) 885-7070, Jackson Phone: (731) 423-4848, Millington (901) 873-5690 TN (MAYBE)
Rep. Steve Cohen 202-225-3265 Memphis office: 901-544-4131
Harry Mitchell (202) 225-2190 (480) 946-2411 AZ 5th District
Gabrielle Giffords (202) 225-2542 (520) 881-3588 AZ 8th District
Ann Kirkpatrick (202) 225-2315 (928) 226-6914 AZ 1st District
Jerry McNerney (202) 225-1947 925-833-0643 CA 11th District
John Salazar 202-225-4761 970-245-7107 CO 3rd District
Jim Himes (202) 225-5541 (866) 453-0028 CT 4th District
Alan Grayson (202) 225-2176 (407) 841-1757 FL 8th District
Bill Foster (202) 225-2976 630-406-1114 IL 14th District
Baron Hill 202 225 5315 812 288 3999 IN 9th District
Mark Schauer (202) 225-6276 (517) 780-9075 MI 7th District
Gary Peters (202) 225-5802 (248) 273-4227 MI 9th District
Dina Titus (202) 225-3252 702-256-DINA (3462) NV 3rd District
Carol Shea-Porter (202) 225-5456 (603) 743-4813 NH 1st District
Tim Bishop (202) 225-3826 (631) 696-6500 NY 1st District
John Hall (202) 225-5441 (845) 225-3641 x49371 NY 19th District
Bill Owens (202) 225-4611 (315) 782-3150 NY 23rd District
James Matheson Toll-Free Number 1 (877) 677-9743 (202) 225-3011Mike Arcuri (202)225-3665 (315)793-8146 NY 24th District
Dan Maffei (202) 225-3701 (315) 423-5657 NY 25th District
Earl Pomeroy (202) 225-2611 (701) 224-0355 ND At-Large District
Steven Driehaus (202) 225-2216 (513) 684-2723 OH 1st District
Mary Jo Kilroy (202) 225-2015 (614) 294-2196 OH 15th District
Zach Space (202) 225-6265 (330) 364-4300 OH 18th District
Kathy Dahlkemper (202) 225-5406 (814) 456-2038 PA 3rd District
Patrick Murphy (202) 225-4276 (215) 826-1963 PA 8th District
Christopher Carney (202) 225-3731 (570) 585-9988 PA 10th District
Paul Kanjorski (202) 225-6511 (570) 825-2200 PA 11th District
John Spratt (202) 225-5501 (803)327-1114 SC 5th District
Tom Perriello (202) 225-4711 (276) 656-2291 VA 5th District
Alan Mollohan (202) 225-4172 (304) 623-4422 WVA 1st District
Nick Rahall (202) 225-3452 (304) 252-5000 WVA 3rd District
Steve Kagen (202) 225-5665 (920) 437-1954 WI 8th District
Bart Stupak (202) 225 4735 MI (MAYBE)
Brian Baird (202) 225-3536, Vancouver, (360) 695-6292. Olympia, (360) 352-9768, (MAYBE)
senator mark begich (202) 224-3004 toll free. (877) 501 - 6275 just became a MAYBE
Jason Altmire 202-225-2565, Aliquippa, 724-378-0928,
Natrona Heights, 724-226-1304 (MAYBE)
On the Bubble (Major developments from the “yes” and “no” columns in the House)
http://www.freerepublic.com/focus/news/2467046/posts
Congressional Dems on Twitter
http://www.arrghpaine.com/congressional-dems-on-twitter
And here are toll-free numbers we can use to call any Senators or Reps.
At the first number below you must wait through a tape recording urging you to tell your Rep or Senator to vote “yes” for the health care bill. Just hang on and when the recording is over, you will get the Capitol operator. Just ask for your Rep or Senator’s office. Then you will either talk to an aid or have the chance to leave a message for him/her to vote NO on the health care bill.
When you use the second number and the Capitol operator comes on, just ask for your Rep or Senator’s office. Every time I use this number I get the Rep or Senator’s answer machine, so it may be set up that way all the time...to go to their answer machine. Either way you can leave a message to vote NO on the health care bill!
We need to use these toll free numbers that have been set up for the health care/ BO supporters and illegals to use! After all they are FREE!
1-800-828-0498
1-866-220-0044 Defeat Obamacare call list: List now contains the new MAYBES culled from FR posts. Be sure to call KNOWN RINOS too.
KEEP THE CALLS UP! DC OFFICE LOCAL OFFICE
Code Red” - House Target List on Health Care
The National Republican Congressional Committee has published a target list on health care. In addition to continuing to contact the five Tennessee Democrat Congressmen, you can go http://www.votervoice.net/link/clickthrough/ext/94697.aspx to contact some of these targets. Much of the talk following Obama’s announcement has focused on how to defeat this second bill through reconciliation, but that is misleading because the first step to defeating Obamacare is not by concentrating on defeating the “fixer” bill but by defeating the Senate bill in the House when it goes to the floor for an up-or-down vote on Thursday, March 18th.
Rep. Lincoln Davis 202-225-6831 Columbia office: 931-490-8699
Rep. Jim Cooper 202-225-4311 Nashville office: 615-736-5295
Rep. Bart Gordon 202-225-4231 Murfreesboro office: 615-896-1986
John Tanner (202) 225-4714, Union City, (731) 885-7070, Jackson Phone: (731) 423-4848, Millington (901) 873-5690 TN (MAYBE)
Rep. Steve Cohen 202-225-3265 Memphis office: 901-544-4131
Harry Mitchell (202) 225-2190 (480) 946-2411 AZ 5th District
Gabrielle Giffords (202) 225-2542 (520) 881-3588 AZ 8th District
Ann Kirkpatrick (202) 225-2315 (928) 226-6914 AZ 1st District
Jerry McNerney (202) 225-1947 925-833-0643 CA 11th District
John Salazar 202-225-4761 970-245-7107 CO 3rd District
Jim Himes (202) 225-5541 (866) 453-0028 CT 4th District
Alan Grayson (202) 225-2176 (407) 841-1757 FL 8th District
Bill Foster (202) 225-2976 630-406-1114 IL 14th District
Baron Hill 202 225 5315 812 288 3999 IN 9th District
Mark Schauer (202) 225-6276 (517) 780-9075 MI 7th District
Gary Peters (202) 225-5802 (248) 273-4227 MI 9th District
Dina Titus (202) 225-3252 702-256-DINA (3462) NV 3rd District
Carol Shea-Porter (202) 225-5456 (603) 743-4813 NH 1st District
Tim Bishop (202) 225-3826 (631) 696-6500 NY 1st District
John Hall (202) 225-5441 (845) 225-3641 x49371 NY 19th District
Bill Owens (202) 225-4611 (315) 782-3150 NY 23rd District
James Matheson Toll-Free Number 1 (877) 677-9743 (202) 225-3011Mike Arcuri (202)225-3665 (315)793-8146 NY 24th District
Dan Maffei (202) 225-3701 (315) 423-5657 NY 25th District
Earl Pomeroy (202) 225-2611 (701) 224-0355 ND At-Large District
Steven Driehaus (202) 225-2216 (513) 684-2723 OH 1st District
Mary Jo Kilroy (202) 225-2015 (614) 294-2196 OH 15th District
Zach Space (202) 225-6265 (330) 364-4300 OH 18th District
Kathy Dahlkemper (202) 225-5406 (814) 456-2038 PA 3rd District
Patrick Murphy (202) 225-4276 (215) 826-1963 PA 8th District
Christopher Carney (202) 225-3731 (570) 585-9988 PA 10th District
Paul Kanjorski (202) 225-6511 (570) 825-2200 PA 11th District
John Spratt (202) 225-5501 (803)327-1114 SC 5th District
Tom Perriello (202) 225-4711 (276) 656-2291 VA 5th District
Alan Mollohan (202) 225-4172 (304) 623-4422 WVA 1st District
Nick Rahall (202) 225-3452 (304) 252-5000 WVA 3rd District
Steve Kagen (202) 225-5665 (920) 437-1954 WI 8th District
Bart Stupak (202) 225 4735 MI (MAYBE)
Brian Baird (202) 225-3536, Vancouver, (360) 695-6292. Olympia, (360) 352-9768, (MAYBE)
senator mark begich (202) 224-3004 toll free. (877) 501 - 6275 just became a MAYBE
Jason Altmire 202-225-2565, Aliquippa, 724-378-0928,
Natrona Heights, 724-226-1304 (MAYBE)
On the Bubble (Major developments from the “yes” and “no” columns in the House)
http://www.freerepublic.com/focus/news/2467046/posts
Congressional Dems on Twitter
http://www.arrghpaine.com/congressional-dems-on-twitter
And here are toll-free numbers we can use to call any Senators or Reps.
At the first number below you must wait through a tape recording urging you to tell your Rep or Senator to vote “yes” for the health care bill. Just hang on and when the recording is over, you will get the Capitol operator. Just ask for your Rep or Senator’s office. Then you will either talk to an aid or have the chance to leave a message for him/her to vote NO on the health care bill.
When you use the second number and the Capitol operator comes on, just ask for your Rep or Senator’s office. Every time I use this number I get the Rep or Senator’s answer machine, so it may be set up that way all the time...to go to their answer machine. Either way you can leave a message to vote NO on the health care bill!
We need to use these toll free numbers that have been set up for the health care/ BO supporters and illegals to use! After all they are FREE!
1-800-828-0498
1-866-220-0044
**I feel MUCH better knowing that Barbara is in on the job. She clearly understands our fiscal dilemma.***
and here is where your SSa money goes!
http://www.socialsecurity.gov/OACT/ProgData/fundFAQ.html#n4
A lock box was ALWAYS going to be a fiction.
ANY “excess” funds the Feds take in HAS to be immediately shoveled back into the economy. HAS TO. What else can they do with it? Pile up stacks of greenbacks? Buy gold? Invest in companies ( we have a word for that one in particular, Communism)? Reagan’s basic mistake, and every other Republican presidents was to pretend the Emperor was clothed at all, and that Social Security was anything but a gigantic Ponzi scheme.
You majored in jackassery?
So If I walk up to you, and put a gun to your head, and take your money, we'll just consider that your payment to me.
lol...
Ah. The “children are really slaves to granny” argument.
Someday those children would grow up and want their SS too.
When does it stop? Or do you only care for the Ponzi scheme to continue for another generation so you can get yours?
Before you start screaming, I’m opposed to abortion. Just not on the grounds that children are the saviors of SS.
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And the United States would be a Socialist country. That was precisely the FDR dream: that the retirement savings of the public would be put into a government fund which would then buy up American industry. Presto, government ownership of the means of production, i.e. Socialism.