Posted on 09/11/2011 11:32:47 AM PDT by smoothsailing
ping.
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You left out the “lockbox” and the “trust fund” and how the money in each of these was “stolen”.
All the money is in Obama’s stash.
Taxpayers under 45 years old are going to be raped by Social Security. They should be furious about having to pay into this ponzi scheme. Maybe some are finally starting to wake up that the music has stopped and there are no more chairs left.
Precisely ... And the Gipper was right.
What we have now is a government run amuck, and the greatest thing about Sarah Palin is that she's the only one we can trust in cleaning things up --- BIG TIME.
In that regard, Palin's cleanup accomplishments in Alaska have scared the (censored) out of career politicians ... and crooked people.
PS - don't try and explain to people that Social Security is, and always has been, a tax.
You can try.....but I wouldn't waste my time.
You see, in Social Security Direct Deposit Fantasy Land, there is a Magic Rainbow Money Box where all of their Direct Deposits come from, and they better keep comin! Or else!
THe missing part of this story is how Johnson allowed politicians to have access to Social Security monies as part of the general fund. Up until then, politicians couldn’t raid the SS Trust Fund.
The first thought that crossed my mind when I heard Perry talk about Social Security was: “Oh oh. He just lot the race”, but in retrospect, I think the Republicans may may have have lost it all!
I’m surprised it took 30 years for that to happen. To think that was never going to ever happen was downright naive.
The scheme is over, pure and simple.
Retirement didn’t work out too well either.
All the good advice talked about the 3 legs of the stool:
pension, social security, and investments
My 42 year company went bk, ss is in the tank, and safe investments are paying 1% interest.
Ouch....wasted away again in Obamaville....
Well, I did pay into it and I'm getting S/S checks now. I still work (I'm 66) so I am getting my paycheck plus the S/S check.
Yeah they could. In fact the SS fund was being raided in 1943. Instead of combining the funds, which is what happened under Johnson, they would put the SS money in the "Trust Fund" and then promptly "borrow" all that wasn't needed to pay current retirees back out again.
“Johnson allowed politicians to have access to Social Security monies as part of the general fund.”
One more black mark against him in my view. No excuse to allow that and that fund was supposed to be sacrosanct.
“I suspect a raising to age 70”
Meanwhile sixteen year old Shakaka gets fat checks to pay for her baby with a new one on the way.
I’m already hearing from the “the workers who paid in need their money back crowd”. Perhaps I shouldn’t bother responding. See 113
If it is any consolation to you, I am a “Boomer” who recognizes I am in the same boat as the under-40 set—I will never get back what I “put in” as the feds have turned the SSS into a straight welfare plan. I am not counting on SS retirement at all. I think it will be a pittance—and I know folks who have been told just that by SS staff. The people who will get mucho benefits are the under 40 set who get on SS disability in their 20s and 30s—and there are a lot of them—who then only work in the underground economy, if that, while living on the federal teat. And it is easy to get it in most places for psychiatric problems — “depression”, etc, which the feds allow to be easily “proven”.
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