We are in our election cycle Social Security crisis once again, and the sky is closer to falling. If Congress had only privatized Social Security and invested it in the Stock Market when Bush was president http://slatest.slate.com/id/2272164 , there wouldn’t be any Social Security to worry about. Then we could have invested the Social Security trust funds in the stable housing market back in 2001, and it would have boomed. It’s not like other investment in the Stock Market, 401k’s and what not, haven’t been doing well. http://www.worthpoint.com/blog-entry/401k-tanking-antiques-collections-sound Just look at how the largest brokerage houses and housing CEOs made out.
“As a result, the performance of the companies run by the risk-takers was far more volatile, and not for the good of the companies: the risky strategies were more likely to end in a big failure than a big gain.”
The Basic “Problem”
The Government Accounting Office estimates that in 2017 the Social Security trust fund will pay out more than it takes in by 2017, and that the fund could be bankrupt as soon as 2041. http://www.gao.gov/new.items/d05193sp.pdf Our population is aging, and soon baby boomers will start taking money from the fund, money that they initially put into Social Security. That is why I support Democrat “death panels” to kill those useless seniors. No, seriously, the hippie baby boomers are behind the need to raise the retirement age. Let’s not consider the fact that the program is currently still taking in more than it pays out. http://www.cbo.gov/doc.cfm?index=6492&type=0
Moreover, the program will not go bankrupt, no matter how much we increase the debt. It is more likely to face reductions in payments, leaving millions of low income and no income seniors in poverty. http://www.cbo.gov/doc.cfm?index=10328
Social security isn’t just one program; it’s a serious of socialist spending that should be stopped now because deficits are more important than people. The programs include, retirement payments, disability insurance, unemployment insurance, death benefits, and aid to families with dependent children among other unneeded benefits for the unworthy.
Retirement payments are for people that waste their money on food, rent, heat, and other things instead of wisely investing it in the Stock Market for us billionaires to use. People that are unemployed have no one to blame but themselves that we made it economically beneficial to send jobs overseas and economically painful to hire people, even with all the recent profits corporations have garnered.
And you know the worst thing about these Social Security programs? Most of these programs were created during comrade Roosevelt’s term, and he’s a Democrat. No matter how much programs might help people, if they are passed under a Democratic administration, I am against them.
Possible fixes for the eminent collapse of Social Security include:
Raise the Retirement Age
The first thing we need to do to shore up Social Security is to get the lazy old folks to work longer and harder. Retirement age should go from 65 years old to 70 years old (or higher if they are still able to walk) in order to get those folks to work hard for their money. Besides, the longer they work, the more they delay they time they have to face the death panels.
Who cares about all the youth that won’t find jobs because granddad now has to work to the age of 70 before getting his Social Security payments? The second part of getting the old folks to work longer is telling the young folks that they won’t get any Social Security.
Now, communists who hate free markets say they best way to create solvency in SS is to have full employment, or as close to full employment as possible. Five percent unemployment is a goal for these communists. However, having all those people in productive jobs would lead to inflation, and it’s better to have millions of people unemployed than to ask people to pay and extra 25 cents for a gallon of milk.
Full unemployment will reduce unemployment payouts and increase SS payments to help balance future budgets. But with inflation and the reduction of competition for jobs that full employed brings, we just can’t afford it.
Pass the DREAM Act and Allow more Immigration
At a time when we need more White babies, people want to reward illegal behavior by allowing criminals to become citizens. The DREAM Act would allow people who were brought to the U.S. illegally before the age of sixteen and have lived in the U.S. more than five years a path to citizenship if they go to college or serve in the military for at least 2 years. This is troublesome for several reasons.
- More brown citizens means Whites will soon me a minority and the Brownies will enact revenge against Whitey even though we have never done anything to harm brown people, ever.
- This act rewards education in a university where these spawn of criminals will be educated and become indoctrinated to be liberals.
- Educated people vote more and thus the DREAM act will create more voters that are brown and more reliably Democratic voters, i.e. socialist.
- The DREAM act would increase the number of brown people in the military and thus leaves us more vulnerable to terrorist attacks. There are more than enough poor White trash to send off to war for our freedom to have low oil prices.
While it is true that illegal immigrants pay social security taxes that many won’t see as they age, we shouldn’t allow them to become citizens so they can utilize the money they have put into the program as they get older. As long as we use these illegals for backbreaking work and prevent them from becoming citizens, I am all for illegal labor.
$12 billion of Social Security revenue in 2007 came from hardworking immigrants without legal status in the U.S. That is a decent chunk of change… All in all, Goss reports that about two-thirds of undocumented immigrants have provided a $120 billion to $240 billion Social Security net benefit — this after subtracting any benefits that some undocumented immigrants might have fraudulently obtained…
Raise the Prime Interest Rate to Increase the Trust Funds Earnings
This is just a communist idea. How dare anybody control interest rates like commies do. Low interest means I can speculate in overseas currencies with borrowed money and buy more mansions with low rates. Low interest rates help the investment class, the only class that should matter in this debate. Why are the poor selfishly holding the SS trust away from us? We know how to invest money; leave it to us.
Stop Raiding the Trust
Communist Libertarians want us to stop raiding the Social Security trust to pay for wars. Well, we can do what we want. Where’s the Libertarian Party opposition in Congress? I didn’t think so.
Raise the Cap on Earnings for Social Security Tax
Again the people who want to engage in class warfare are asking us to raise the cap on taxable income over the already outrageous $106,800 amount. That would be another socialist tax against the hard working wealthy. Who cares if there are more poor widows out there, we will not pay for their cat food!
Reduce Benefits on Hard Working People with Pensions
They want to reduce benefits for those earning over $250,000. Hey, you can’t live on $250,000 without help from SS. Not if you want to keep full time kitchen staff and a yacht in Coronado. Some even say they want to get rid of it complete if you earn over 1,000,000 a year. The fiends! They want us to live like commoners?
Other comrades in the class war against the wealthy want to take the rich off welfare and make the rich pay for all the benefits they receive from the government. I say good luck to that.
Support the DREAM Act
Write Congress: http://immigration.change.org/petitions/view/ask_your_congressperson_to_support_the_dream_act
Protect Social Security
http://www.petitiononline.com/savess1/petition-sign.html (Only for Ohio Residents)
http://civic.moveon.org/socialsecurity// (From MoveOn.org)
Write and Call Congress and the White House to protect Social Security and Pass the DREAM Act
CO/ The White House
1600 Pennsylvania Avenue Northwest
Washington, DC 20500-0004
or phone: (202) 456-1414
Or send note online: http://www.whitehouse.gov/contact
Congressional switchboard 800-828-0498
Just ask for the office of your Senator or Representative
House of Representatives: http://www.house.gov/house/house_comments.shtml
Find your Congressperson here:
Private Account stupidity—Ezra Klein
Entitlements Destroy us!!–paranoid rantings from the priveledged
Who defines the Crisis