The right lusts (and plans) to turn Social Security over to Wall Street. Privatization means profit. “The commons” were recently forced to “bail out” this financial elite after their irresponsible deregulated bubble burst. They went on to have a record year in bonuses, income and corporate profits. At the same time, the commons tightened their belts and suffered like they haven’t since the 30’s.
Social security was set up (under Roosevelt in 1935) to be a trust fund. NOT part of the Federal budget. The system has worked well for 75 years. It is funded by FICA taxes. It has never added one thin dime to the national debt. It is not an “expensive entitlement program”. It has paid its own way.
In 1983 the Social Security payroll tax was increased substantially. This placed a larger burden on the baby boomers. This increase was meant to insure that the “pig in the Python” could pass through. We are now being told this “entitlement” program needs to reformed (chopped) because true “patriots” care about the national debt.
EUROPEANS WOULD RIOT IN THE STREETS
Both parties have been complicit in the rape of the Social Security trust fund. The real reason they want to raise retirement age and cut benefits is simple. 25 years ago they started borrowing the money. Now they need to start paying it back. That will be tricky because China and Japan are getting cold feet about buying anymore American debt.
We know the money hasn’t been going for bridges. They are falling down. We know the money hasn’t been going for education. Promising minds got left behind. We know the money hasn’t been going to create jobs or windmill energy farms.
Get out your “WE ARE NUMBER ONE” foam rubber football thumb. America has slipped behind the other industrialized nations in all but one area.
We have two million five hundred thousand personnel abroad serving in 737 military bases abroad. This does not include our (increasing) use of paid mercenary forces. We pay mercenaries substantially better than our own troops, but they are useful. We do not hold them accountable.
Information on how much we pay “privatized” for profit military is hard to come by. If anyone has an informed estimate it would be Jeremy Scahill.
George Bush recently said his greatest regret (about that presidency thing) was not being able to “privatize” Social Security.
Consider how many Seniors would now be sleeping under a bridge. That boy has sensitive written all over him. It seems to me he had plenty of choices, but he regretted not throwing the lives of Seniors to the for profit Casino Hyenas.
Go do some homework. Google “social security who stole the money” And here is an article by Bernie Sanders to get you rolling…. The system seems in less trouble than they say. The notion that Social Security won’t be there for the young is a MYTH STARTED BY THE RIGHT AND REINFORCED BY REPETITION. Many take it for fact these days. Read my links and then go ferret out the truth.
America’s bills ARE coming due. But once again the most vulnerable are being asked to foot them.