Perhaps. But you don’t throw out the baby with the bathwater....and you don’t “rob” the people who have payed into S.S. their whole life. Savings or not aside...they have invested in S.S. and they have a right to expect their fair return.
If there was a “real” social security trust fund it could be invested to keep up with inflation.
Your Social Security dollars were frittered away over the decades by politicians.
and you don’t “rob” the people who have payed into S.S. their whole life.
Ever heard the saying "eternal vigilance is the price of liberty"?
Those people who claim they are being "robbed" had decades in which to vote out the bastards (Republicans and Democrats) in power who were frittering away their money.
They didn't.
What you reap you will sow.
The problem now is that those people who claim they are being "robbed" are trying to make their children and grandchildren pay for their sins.
Too bad their children and grandchildren are engulfed in debt and a stagnant, uncompetitive economy.
That's not even counting the children and grandchildren who were aborted over the years.
If you’re close to retirement age, you’ll get your fair share and then some. But math is math and there aren’t enough workers to sustain SS benefits at their current levels and a bad economy with no job creation only makes it worse.
There’s no way to balance the budget, let alone tackle the debt without major reforms in both SS and Medicare - and yes, there will have to be cuts in benefits down the road. People 55 and above need not worry.
Younger people are slowly adjusting to the fact that SS will look very different for them when they reach their 60’s and in fact, may not be there at all. My 30 something children realize this and are making their own plans.
Again, the math doesn’t lie. We need a President who will look us in the eye and tell us the truth about these programs - charts would help. But Obama and Democrats need to demagogue the issue for political gain. They’ll never tell the truth.
Polls show that most people are in denial and truly believe that other areas of government can be cut enough to keep SS and Medicare solvent. The truth is, they can’t. Those two programs are green headed monsters that are sucking the lifeblood out of the budget and our children’s futures.
Do some research and you’ll see. A good place to start is:
http://market-ticker.org/cgi-mt/akcs-www?forum=Market-Ticker
IIRC there has been more than one Supreme court decison saying no one who contributed is guaranteed benefits and that it is a tax and does not belong to us....
and you don’t “rob” the people who have payed into S.S. their whole life.
People who get robbed shouldn’t expect to be able to rob their neighbors to make up for it (even if they permit the neighbors to rob others). The robbery must stop.