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Originally posted by sonofliberty1776
To me those are just entitlement programs like SS, medicaid, et al. All subsidies, bailouts, entitlements and any other non-Constitutional spending needs to be ended.
To me those are just entitlement programs like SS, medicaid, et al. All subsidies, bailouts, entitlements and any other non-Constitutional spending needs to be ended.
Social Security currently has a $2.6 trillion surplus which has been building up since the 1983 amendments and is intended to help absorb the retirement of the baby boomers. This surplus is invested in US Treasury securities that are backed by the full faith and credit of the US government. According to the Social Security Trustees 2010 report, Social Security can pay full benefits until 2037, at which time, if nothing were done to strengthen its financing, Social Security would still be able to pay about 78 percent of benefits. This quarter of a century means there is time to strengthen its financing without cutting benefits for future beneficiaries. The American people will insist that Congress do what is needed for the program to pay full benefits and protect these benefits they were promised and have earned.
www.huffingtonpost.com...
Opponents of Social Security have been working for many years to tell a much different story about Social Security in order to influence how the media and Washington decision makers view it. One example of this is Wall Street insider Pete Peterson who has dedicated $1 billion of his Wall Street fortune to the destruction of Social Security as we know it. Peterson is joined in his efforts by other wealthy special interests that have much to gain if Social Security is cut or eliminated. Despite the overwhelming public support for Social Security and the critical retirement, survivors and disability insurance it provides to millions of Americans, Peterson and his Wall Street friends want to reduce Social Security's protections and force average working Americans to put their future retirement, life and disability security in the hands of Wall Street -- the same crowd that nearly caused a collapse of our economy and pushed the country into the Great Recession.
www.huffingtonpost.com...
It would be very unpopular for the opponents to simply state that their goal is to reduce or eliminate Social Security, requiring politicians to eat from a poison apple. Instead, the opponents try to create false fear about the future of Social Security by making it seem as if the program contributes to the nation's budget deficit and debt. The same Wall Street firms that needed the taxpayers to bail them out -- and individuals like Peterson who took advantage of a tax loophole that enabled him to pay taxes on his Wall Street profits at the same rate as a janitor cleaning his office -- are conducting a massive lobbying campaign to reduce Social Security protections for working Americans and their families by claiming it is a way to lower the federal budget deficit. The opponents' tactic of setting up Social Security as a false culprit in the deficit problem diverts attention away from the real causes of the deficit -- two wars not paid for, the Bush tax cuts for the wealthy, and the costs associated with the economic crisis, such as the Wall Street bailout. If the opponents of Social Security are able to cut Social Security's benefits, they will accomplish two objectives: (1) reducing Social Security protections while driving retirees into the hands of Wall Street; and (2) hiding the real causes of the deficit and the debt from honest budgetary scrutiny. A look at their claims about Social Security and the budget reveals the falsehoods they continue to promote.
www.huffingtonpost.com...
.....and that does not scare you? Do you not understand that there is no social security trust fund? The so called trust fund is flooded with valueless T-Bonds. How can you not get that this is a huge problem???????? The money is worthless, just as soon as people realize it is. It's current "worth" is based solely upon your belief that it has value. Please stop deluding yourself and understand that the US government is broke; thus yes, like it or not, we are all broke. It is only a matter of time. Why do you think gold and silver are at all time highs? Why are people minting their own currencies? Why are states issuing their own currencies? We are in the shadow of a great big shoe and we are just waiting for it to drop. The only thing holding that "shoe" up and stopping from dropping right now is the shared belief that "full faith and credit" actually means something. Please take off your rose colored glasses and look at our current government. Look at who we have in government. Recall all of their lies and obfuscations. How much faith can you actually have in them? Believing in God and Jesus is a cinch compared to believing in obama, reid, pelosi, etc.... As for credit, have you checked our national debt?
the securitites in the fund are backed by the "Full Faith and Credit" of the U.S. Gov't.....
just as the dollars in your pocket are!!!
so, well, if social security is broke, then I guess you are also?? even if you have a million dollars in your bank account....YOU ARE BROKE!! BECAUSE THE "FULL FAITH AND CREDIT" OF THE U.S. GOV'T ISN'T WORTH THE AMOUNT OF TIME IT TOOK ME TO MAKE THIS POST!!!
Originally posted by sonofliberty1776
Recall all of their lies and obfuscations. How much faith can you actually have in them? Believing in God and Jesus is a cinch compared to believing in obama, reid, pelosi, etc.... As for credit, have you checked our national debt?
Dude. I blame GOVERNMENT. The repuklicans currently calling themselves "republicans" are a disgrace to the party of small government and fiscal responsibility. "Both" parties are guilty. Why both in quotation marks, you ask? There is no real measurable difference between your average repuklican and your average demonkrat in my opinion.
Originally posted by Erongaricuaro
Originally posted by sonofliberty1776
Recall all of their lies and obfuscations. How much faith can you actually have in them? Believing in God and Jesus is a cinch compared to believing in obama, reid, pelosi, etc.... As for credit, have you checked our national debt?
Those shameful, shameful Democrats, how they have ruined our nation. A Republican would never do such a thing. We can put our full faith and trust in the Republicans to never lead us astray nor take us down the primrose path. All hail the Republican Party! the only honest people on the face of the Earth. Right.
What a piece of work.
Originally posted by sonofliberty1776
How much extra money, in addition to your taxes, do you liberals and socialists give to the government each year to "help" pay for those programs you believe we so desperately need?