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Looting Social Security
The Nation ^ | 3/2/09 | William Greider

Posted on 01/01/2011 8:02:36 AM PST by EBH

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To: Ruy Dias de Bivar

You point out the scam that is/was with social security. It was sold as a savings account bearing interest required by a caring government. However, what this caring government did not tell was that it intended to use your savings with interest to give to so many people including children who would not be required to put anything into the pot.It should have been obvious as proven later that the pot cannot grow if the take(ers) is more than the give(ers). The politicians,democrats and republicans, saw the takers as more important to their voter count than the givers. As such there was a race to provide for the takers and the system is where it is. Remedy for SS: go back to original promise as to every man,women and child i.e. you take what you give, no give no take.


41 posted on 01/01/2011 11:04:59 AM PST by noinfringers2
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To: pillut48
>"I used to think Alan Greenspan was working to HELP America’s economy,"

How about his little dog Andrea?
Married to the ENEMEDIA.


It isn't R vs D. It's a Punch and Judy show.

42 posted on 01/01/2011 11:16:35 AM PST by rawcatslyentist (It is necessary that a person be born of a father who is a citizen; ~VattelÂ’s Law of Nations)
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To: EBH

Go back to Reagan’s 1960 speech at the Convention. He laid out the problem then and it is exactly the same now.


43 posted on 01/01/2011 11:26:36 AM PST by NonValueAdded (Palin 2012: don't retreat, just reload)
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To: All

SS is just another way the Govt has to heist the money and use it. We put in for 35 years, retire and then expect a little back. If we could, we could put into a fund we set up, for the thirty five working years, and with added interest, enjoy that growth of money for those retirement years. What we get back today barely pays the utilities on our homes. It is only a LEGAL WAY TO STICK UP THE TAX PAYER!!


44 posted on 01/01/2011 11:28:36 AM PST by cousair
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To: Tolsti2

Sadly, Social Security was an enforced contract, but it is NOT an unearned ‘entitlement’ by virtue of simply being a US citizen.

Benefits should be distributed only to those who have made contributions and proportionately so. Much like a private annuity.

Once again, the government has treated SS as a grab bag, by adding ineligibles to; and deducting funds from the design to render it actuarially dysfunctional.


45 posted on 01/01/2011 11:28:49 AM PST by sodpoodle (Despair; man's surrender. Laughter; God 's redemption.)
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To: algernonpj

“Ever wonder what the shape of Social Security would be in if SSI, Disability, etc. were not freely handed out to anchor babies, illegal aliens, brand new immigrants, and their extended families? “

Yes.


46 posted on 01/01/2011 11:40:43 AM PST by dljordan ("His father's sword he hath girded on, And his wild harp slung behind him")
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To: Marty62

“Reagan was from a generation that believed a deal was a deal. And lying was a sin not practiced by honorable men/women.”

I think he also believed slavery was wrong too.

How is it right to make other generations pay for your goodies? We didn’t vote for Social Security. Why are we on the hook for promises we didn’t make, and that were unconstitutional when they were signed.

There should be no obligations imposed beyond the 2 year terms. They should have to be renewed every 2 years.


47 posted on 01/01/2011 11:51:09 AM PST by BenKenobi (Rush speaks! I hear, I obey)
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To: sodpoodle

So here’s a question.

You’ve got children. Is it right to steal from their paycheques? That’s where the money is going to come from.

Wouldn’t it be better to let them keep their money? It’s your kids that are going to suffer.


48 posted on 01/01/2011 11:55:36 AM PST by BenKenobi (Rush speaks! I hear, I obey)
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To: BenKenobi

It is not right or ethical to steal from anyone. When SS began, citizens believed FDR when he said it would be SECURE. At the time, life expectancy was 67 - it is now 73.

My children are being forced to pay SS taxes- as was I.

They are also paying taxes to support children that are not theirs and seniors who did not raise them.

YES IT STINKS!!!


49 posted on 01/01/2011 12:09:21 PM PST by sodpoodle (Despair; man's surrender. Laughter; God 's redemption.)
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To: rogue yam
Didn't you save anything during this thirty-year orgy of spending and speculation?

You're trying to convince people it's the little private sector workers, that worked their asses to the bone for 30 or and 40+ years, that SS is broke because it's their fault?

You'll have better luck juggling flaming chain saws while skate boarding.

The government confiscated it out of America's paychecks...The little people had the choice of paying their taxes or the government would shoot them and or jail them. There was no choice, there was no vote, the government, like today, does exactly what it wants to do. You have ZERO choice.

Ya think American will survive if the government tells tens of millions of people the trillions they confiscated from them won't be given back? This country will not survive that, in fact, due to the corruption in D.C., it's barely surviving now.

50 posted on 01/01/2011 12:26:47 PM PST by dragnet2 (Diversion and evasion are tools of deceit.)
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To: sodpoodle

You ignore all of the borrowing and spending done on your watch.


51 posted on 01/01/2011 12:46:22 PM PST by rogue yam
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To: dragnet2
You keep talking about "the government" as though the people who elected it and then benefited from all of the borrowing and spending it undertook are somehow not responsible for the insolvency thus created. If the American public is not responsible for the actions of the American government elected on their watch then how can future generations of Americans be held even more responsible for the profligacy of this previous government?
52 posted on 01/01/2011 12:52:11 PM PST by rogue yam
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To: EBH
Some of the posts have just been stunning.

Like waking up from a long, happy slumber to find that you only dreamed of the riches you thought you had?

53 posted on 01/01/2011 12:59:24 PM PST by rogue yam
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To: nascarnation
Actually Social Security, while having definite future financial problems, is in great shape compared to Medicare.

Yeah, and the Titanic was hardly damaged compared to the U.S.S. Arizona.

54 posted on 01/01/2011 1:02:30 PM PST by rogue yam
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To: rogue yam

who’s “WE” kimosabe?


55 posted on 01/01/2011 1:02:36 PM PST by Arizona Carolyn
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To: Arizona Carolyn

Please post something that is not both trivial and cliche.


56 posted on 01/01/2011 1:08:59 PM PST by rogue yam
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To: rogue yam

You made a very broad and quite dumb statenment, speak for yourself as you don’t know squat about the rest of us


57 posted on 01/01/2011 1:15:09 PM PST by Arizona Carolyn
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To: EBH
The Gipper's great legislative victory in 1981--enacting massive tax cuts for corporations and upper-income ranks--launched the era of swollen federal budget deficits.

Not worth reading beyond this crap.

58 posted on 01/01/2011 1:15:30 PM PST by facedown (Armed in the Heartland)
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To: rogue yam

Hey grumpy - I worked three jobs to put my kids through school. No child support, no free lunch, no food stamps, no welfare and no regrets.

Self respect is more better than spit!


59 posted on 01/01/2011 1:43:39 PM PST by sodpoodle (Despair; man's surrender. Laughter; God 's redemption.)
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To: rogue yam
You keep talking about "the government" as though the people who elected it and then benefited from all of the borrowing and spending

I have not benefited for *any* government spending which I have not already paid for in taxes. What benefit, are you referring to and please be specific.

60 posted on 01/01/2011 1:49:26 PM PST by dragnet2 (Diversion and evasion are tools of deceit.)
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