GRAND THEFT? Social Security

GRAND THEFT ?


SOCIAL SECURITY was envisioned to make you feel secure in your old age.

SOCIAL SECURITY was envisioned to be a government run program on which you could depend.

The program was simple. People currently working would put money into the program and that money would be paid out to people who were retiring, providing them with security in their golden years.

WHAT WENT WRONG?

The answer is very simple.

The government took the money that was being deposited and used it to meet short-term needs. They did so in the expectation that workers would simply continue to put in large amounts annually and those future deposits would be sufficient to meet the needs of retirees.

So we get two choices, my friends:

Either our government borrowed the Social Security funds without our expressed consent, or

The government stole the Social Security funds.

In either instance, the government paying back the loan or paying back the theft can quickly solve the current crisis.

There has been a lot written about how we have fewer children, and that has decreased the number of people paying into Social Security to the extent that not enough is coming in to meet the demands of retirees.

This is true.

But if the huge balances provided by earlier generations had been held in trust, they would have carried us through the current crisis.

Excuse my bluntness: but I find much of what the government has been telling us about the failure in the Social Security Program is, simply put, “BS.”

The government miscalculated. What they anticipated would happen did not happen.

The same government would now like us to work until much later in life, say 68-69 or 70.

They would like us to delay asking for the benefits they previously promised

They would like us to consider cutting back on the benefits for future generations.

The answer my friends is for the government to pay back the money they took, money that would have sufficiently funded the benefits they promised.

There is no need for us to provide for them an “easy out.”

They collected the money.

They used the money for projects outside the social security fund promised to eventual retirees.

They made a bad judgment.

The remedy is for them to make it right.

The remedy is not for us to suffer any decrease in benefits or any dilution of the program in order to save them from making the hard, and honorable decision.