Posted on 08/14/2015 5:06:42 AM PDT by SeekAndFind
If Social Security lacks funding, let's tap the very generous slush fund that congress has set up for themselves.
Disability had become the New Welfare... lowlifes are destroying it for people who really are disabled.
JFK was the first to use SS funds for other things beside SS related.
With what? Our money? Fine lot of good that will do.
Social Security and Medicare are tied together, so if you change one you have to change the other. For example, when you get your first SS check, you are automatically enrolled in Medicare, and you can’t get out of it.
The way to end these money pits is to stop enrolling new victims. This means that eventually they will die. But because congress has been so deceitful, they have actually provided a way to end them while harming those who have been promised their benefits.
That is, congress was *supposed* to save money for them, but instead they spent it, and more, immediately. They figures as long as they could meet the month to month money for just the beneficiaries, it was all good.
Actually, though this was evil, they were right. So there doesn’t *need* to be new enrollees to pay for existing benefits. Just keep meeting the monthly benefits until those on SS and Medicare have died.
To speed up the process of ending the systems, offer people who have been paying the FICA tax for less than 10 years a way out. They continue paying FICA, but instead the money goes into individual retirement and health accounts.
So instead of effectively paying double income taxes with FICA, it is actually going for their benefit. And while this slashes government income, that is also a good thing, because it makes it easier to slash the size, scope and power of the federal government.
Social Security would still be actuarially bankrupt even if not a single penny had been reallocated. It was never fully funded. It was always an intergenerational transfer, with the initial generation getting substantially a free ride. A fully funded system would have been exponentially superior in the long run, but its superiority is based on steady participation over 30-40 years and long term capital appreciation. FDR was not interested, in 1935, in selling a system that would not pay off in a big way until the 1960’s or 70’s. That we are still living with the results of that short term political calculation is infuriating to those of us who have been complaining about it for 50 years.
Pure socialism. We confiscate your money out of every paycheck even when you were making minimum wage and then when you become success we take it away because after all we have decided you have plenty.
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