an argument to stop criticism by drugsrus48
(libertarian)
Tuesday, August 23, 2011
Everybody in the upper echelon is calling for changes to the Social Security program. The funny thing is that no one is presenting real arguments for leaving things alone, I contend that we have a whole bunch of Chicken Littles running around with that sky is falling scam.
Let’s look at a few valid reasons to – in gambler’s terms – let it ride.
IF the original concept was a “locked box” idea, then the system needs to return to that. Our government needs to replace the IOUs that currently fill the drawer with the money taken out. According to a recent news item in my local newspaper, the system has taken in $2 billion more than it has paid out. So there must be money there.
OK people are living longer. They are also paying more into the system as rates and upper limits have also risen. People are also working longer and the reason doesn’t matter. Whether it is due to necessity or an inflated power ego trip there are those who will retire just before the funeral and refuse to collect benefits because –“I’m not ready yet”.
But there have always been a large number of people who perish at young ages due to car crashes and other tragic injurious accidents, health problems of all sorts, and a multitude of other reasons. All have contributed to the system through mandatory payroll deductions and their employers have also made mandatory payments to an account that may pay out a simple few hundred dollar death benefit. Aren’t both of these categories of citizens families due at least a postcard acknowledging their contribution??
How about a return to the original “rules” and stop all the handouts to those who “know how to work the system” ?
The idea of raising the retirement age because we are living longer may sound good on the surface BUT IF you can do everything at sixty that you did at thirty, you weren’t doing much at thirty. Being on the plus side of sixty, my mind is always writing checks that my body won’t honor. When I get down to play with my granddaughters, getting back up is sometimes a chore. Employers need to start cutting back on the physical demands of their more senior employees by maybe creating teaching position for the youth who have the physical abilities that those experienced senior once had.
There has been an e-mail going around calling for a constitutional amendment that puts our representatives in Washington in the Social Security system and out of their cushy current retirement packages, Creates term limits for Congressmen and Senators, and pretty much reduces them to ordinary citizens, which they really are but only think of themselves as some kind of elite society. Unfortunately that will never happen. There is not one person elected to the Washington scene who has the intestinal fortitude to create the bill and the rest would label such an author impeachably insane.
Term limits can be imposed by the voting public. Simply put – if you are in, we vote you out. WE limit terms.
‘nuff said -- I try not to ramble
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Too bad the Social Security Administration disagrees. They report that there will soon be a shortfall, but what do they know, eh? Best to just keep your head buried in the sand.
Your figure is off, since the Reagan Administration the Social Security "surplus" is 2.5 TRILLION dollars.
However, the "surplus" has been replaced by "special" goverenment securities in that same amount. These "special" securities CANNOT be sold on the open market. They can only be cashed out by the government {taxpayer}.
Do you get the logic here? The taxpayer can only get the 2.5 trillion back if the taxpayer comes up with 2.5 trillion.
In other words, the surplus has been used by lawmakers in the general fund to fund wars, etc. Many would term the word "STOLEN", but in actuality the payroll tax is just that, a tax, defined as such by the supreme court numerous times. a very regressive tax, but by law, a tax.
