The wealthy have always wanted to destroy Social Security as it gives too much power to the poor American "slaves"
By Chimp
There has always been a surplus in the Social Security fund. Social Security could never go broke.
BUT, the US government borrows from Social Security in order to balance their budget. This is how Bill Clinton claimed a balanced budget during his administration.
The problem is, THEY DON'T PAY THE MONEY BACK.
That's why there is no money there. The last time George Bush tried to privatize Social Security (turn it over to the WALL STREET CASINOS) he showed a piece of paper marked IOU and said that's where your Social Security money is.
The Social Security account should be separate from the operating budget as should all pension plans in companies.
So, when the government or a company goes bankrupt, the Social Security money or pension money is still there.
Click on above BOLD sentences for more information
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6 comments:
THE GUY IN THE VIDEO MAKES REAL SENSE. HIS COMMENTARY IS RIGHT ON.THOSE TWO DESCRIPTIVE WORDS HE USES FOR YOU KNOW WHO, I TOTALLY AGREE WITH.
ALSO SIR CHIMP, YOU WROTE AN EXCELLANT ARTICLE. ( MORE PLEASE!)
THANKS FOR KEEPING US UP TO DATE ON THIS NEWS.
ALSO, SENIORS, MILITARY, DISABLED, SSI SHOULD BE TAG/LABELS FOR THIS ARTICLE YOU WROTE.
~SUNNY
Hi Sunny! Thanks for visiting. Glad you agree. I like the way the video guy explains it.
GREAT JOB YOU DID ON THE POLITICAL CARTOON ~
My open letter to Congress:
The President stated that if the debt ceiling isn't raised by August 2nd, Social Security, Disability, and Veteran's checks will not go out on August 3rd.
Yet you and every other politician will still get paid, no matter what. Even if the debt ceiling isn't raised, you will still see your pay, which is funded by OUR TAXES. Same as Social Security.
The seniors, disabled, and veterans depend upon this money to pay their bills, rent, and buy food. Some live check to check. If they don't get this money, they could go hungry, homeless, without their medications, have their power cut off, etc.
And here's the real kicker: they didn't create this massive debt. YOU DID! Yet you are penalizing them for your mistakes.
You should not get paid until you fix this problem. The monies going to your paychecks should go to those in need of it; seniors, veterans, and disabled. Maybe once you feel what the average American is going through, you will see the true state of affairs in this country and actually fix them.
An annoyed taxpayer,
James Winstanley
Yes, I did send this out. If anybody else wants to use it and deluge the leeches in government, FEEL FREE! Add what you want, but let's keep it clean.
Thanks Sunny. Obama and Congress are using Social Security like a soccer ball they can kick around disregarding the 350 million lives they affect.
Thank you, James Winstanley.
I still feel this is all a trick because the Social Security checks do NOT come out of the budget money.
Social Security has it's own fund. Yes, that the government stole this money and didn't pay it back, it's true.
They should all go to jail for not paying their bills.
Stopping the salaries to the president and congress won't help, since most of them are millionaires and their salaries are pocket change.
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