Tag Archive: Social security


Social Security Is No Such Thing

When FDR came out with this plan of SS, he hyped it as taking care of old people. Who doesn’t want grandma and grandpa to be able to live their lives without fear of starving in their old age?! But, he lied.

Here’s what really happened, and what is still happening.

The system was set up that you only got money if you had the audacity to live past your life expectancy. Isn’t that just lovely? This was not about retirement, not about the golden years, but the few who actually lived past when you were supposed to already be dead.

This, for me, is around age 71. That is the life expectancy of people born in 1974. So, the way it was set up to work is that I would only collect after that age, not the 67.5 years old I have to be, according to the SS reports I get sent.

Many that “signed up” for SS never saw a dime. They died having paid in, but never got their pay out. What a plan, huh??

Anyway, the years rolled by and the government, who has multiple sets of books (known in the real world as “fraud”), saw ALL THIS MONEY rolling in from the entire workforce of the USA. They, being greedy little weasels, promptly spent it all and still do. Imagine a brief case with a bunch of IOU’s in it and that’s the SS Trust Fund. Now, they pay out to old people what they take in from the workers. That, in real life, is called a Ponzi scheme – think Bernie Madoff…who is in jail for doing just what the government does daily.

Now, here comes the REAL kicker (yep, it gets all the more lovely): if you took the money the government steals, um, I mean, withholds from your pay check and put it in the safest, and lowest dividend paying, investments, you’d get multiple times the return than what the government “gives” you when you retire. Not only do they force you to pay in to pay others now, but then you get shorted, in the end.

The biggest and most crappy part of this is that there aren’t enough workers to keep paying out to people who are retiring in huge numbers. They haven’t figured out how to fund trillions of dollars worth of “entitlements” that they have promised the American people.

Oh, and get this: the law that says they HAVE to pay you back? They can change that at any time. In fact, the law is clear that there is no promise of payment to anyone, ever. Got that? There is NO guarantee that you get anything, ever.

Some safety net, huh?

Socialism Making Poor Since 1917

First we have to start out with a little background. Socialism works off the initial premise that there is no such thing as private property. What you earn, what you own, your house, your clothes, all of it…not really yours. This is in direct opposition to our country’s basic laws on private property…as in, it exists and, aside from protecting us from enemies foreign and domestic, the government’s entire reason for existing is protecting our right to life, liberty, and private property. So, start there.

 

Now, we can move on to a statement from a self-avowed Socialist, who also happens to be an elected representative in our US House of Representatives, Bernie Sanders. (Gee, that’s not a conflict of interest, is it??)

“When Social Security was developed in the 1930s, its goal was to cut down on senior poverty. And when it was developed, 50 percent of seniors lived in poverty. Today, poverty amongst seniors is too high, but that number is 10 percent. Social Security has done exactly what it was designed to do.”

“I will be damned if they’re going to cut Social Security,” Sanders added.

 

First and foremost, we have to ask…WHY are so many people in poverty at this point? What terrible calamities have transpired that this is so??

 

Answer: The policies of the Federal Government had made people poorer than they would otherwise be.

 

People say the Great Depression started with the crash of 1929. Not so. There was already a recovery underway (a real one, not like the fake-y one we have now). Then, Hoover decide to “DO SOMETHING!” and threw a bunch of money at the problem (sound familiar? Stimulus, anyone?). Once he started that, things got worse again and stayed that way because of continued policies until they had to call it the “Great Depression.”

 

FDR came in and decided to keep on spending like a drunken sailor. This lead his very own Treasury Secretary Henry Morgenthau to say,

“We are spending more than we have ever spent before and it does not work. . . . We have never made good on our promises. . . . I say after eight years of this Administration we have just as much unemployment as when we started. . . . And an enormous debt to boot!”

 

So, we can see that, the spending helped nothing, and just made matters worse. To spend this money, it had to take it from the very people who would otherwise have been creating jobs and investing in the economy in a positive way, namely YOU. Yet, they talked like all this government spending was going to make things better!!

 

This is like someone bashing you in the leg, then mending it by covering up the wound without actually treating it, and telling you to be grateful they were there to save your leg while it festers and rots under the cover!

 

Now, back to Social Security. We now know that SS was made to “help” the poor, horribly oppressed old people, right? WRONG!

It was set up to not even take effect until years after it started (sounds like Obamacare!). They taxed and taxed, and said that 6 years later, people would start getting benefits. Well, not A LOT of benefits. Just a little. And, you had to be just about dead before you got them.  But, the promise of benefits seemed to make people feel better about living in crapola land.

Life expectancy rates at the time would have gotten you a whopping 3.8 years of benefits after paying in your whole life. Sounds great, right?!

Well, lives got longer and they didn’t really change the age level. Had they kept it in line with the original deal, people would be more likely to realize the scam being played on them, but it also would have been stable.

What they don’t realize at this point is that there is no way to sustain the payments they’ve been lead to believe they are guaranteed. But, the government has a nasty secret…

They’ve already spent your money, my money, the baby boomer’s money…you get the idea. It’ s ALL GONE. It’s now a Ponzi scheme of epic proportions. Bernie Madoff would be proud. They pay out benefits with the current tax dollars coming in. This is why there is the myth going around that SS would be dandy if all those pesky baby boomers would stop retiring (see the MYTH and the actual state of things below, courtesy of my friend, and man of extraordinary intelligence, Rex Rawlinson).

At this point, anyone who thinks that Social Security is going to stay on its current course is willfully ignorant. If you think it was made to actually help the government-impoverished old people, you can add that to the list of ways to be ignorant.

It was a gimmick. It’s still a gimmick. But, now it’s a gimmick that is actually bankrupting the entire nation, instead of just being broke in and of itself. If we tweak the gimmick by making people wait a total of two years to “retire” on SS, it could be extended. But, Socialists like Sanders, will always keep their heads buried in the sand.

MYTH AND REALITY BY REX RAWLINSON

MYTH: The Social Security Program was a success until baby boomers began retiring, and there were fewer people paying in and more taking benefits out. Actually, the original social security tax rate was 1% in 1937, increasing to 3% by 1949, on both employees and employers, total 6%, and benefits were not taxed. By 2013 the tax rate had increased to 6.2% on each of employees and employers, total 12.4%, and the base had increased from $3,000.00 to $113, 700. Gradually since 1937 the social security tax rate has increased over 6 times while the base has increased 37.9 times. That’s not a formula of success. Social security benefits, originally tax-free, are now subject to tax on up to 85%.

REALITY: SOCIAL SECURITY HAS ALWAYS BEEN A FAILURE. It has been broke from the first day it started, which is why social security taxes have always increased at a frightening pace. Look at it this way. You start selling balloons for a penny, and now you’re charging ten dollars a balloon. That’s the real social security story. Sure it’ll never go broke as long as you keep raising taxes to pay for it, but don’t blame it on baby boomers. This Ponzi scheme has been an expensive failure from day one.

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