Social Fund News

I recall way back in 2004, when George W. Bush desired to reform social security. All of the democrats practically swore on a bible that social security was sound also it was having no financial problems. Any moron should have known they were lying.

Now these same people are now stating that social security is insolvent, what happened in just 5 or 6 short years to alter things?

Nothing happened, except business as always in Washington. Social Security is at trouble then around it’s now, it’s just the democrats do not understand economics and they didn’t want to give G.W. Bush credit for anything. They have been stealing money from us, the taxpayers for a long time, money which was supposed to be rat holed for the retirement was put into the overall fund and spent, thus making the deficit seem less than it actually was.

It had been bad enough before the sixties when money was really held in reserve for future retirees, Lyndon Johnson and his merry gang of socialists passed laws whereby the money didn’t have to be saved, it might go into the general fund and therefore finance his “Great Society”.

George W. Bush wanted to privatize the machine by placing a small portion of the payroll taxes deducted from an employee’s check into a good investment fund where it would collect interest and grow, regardless of what social security did.The democrats might have no some of it.They do not want to lose the Golden Goose and also the ability to spend money that’s not theirs.

The only method to save the social home security system is to raise the retirement age,exempt current retirees from the changes, and provide anyone under 50 the ability to invest their money right into a secure conservative retirement fund where it may earn compound interest and grow through the years.

For anybody 50 plus, the federal government will just have to place their losses, and arrange for the near future once the people who have invested in private fund’s and also the losses from social security begin to diminish, because the older citizens pass away.We can’t cut them off with nothing, their money was committed to good faith which ought to be honored.

Interestingly enough, Madoff isn’t only one managing a massive Ponzi Scheme. Indeed the United States government is also. For example, whenever you pay your social security taxes which are figured into every paycheck where does the money go? In to the general fund of the usa Treasury for use when needed for whatever expenditures the government makes.

What? Whoops? Why right go into a fund for the specific purpose of growing for those retirement years of all the people paying in? Oh yah, Social Security? Well, they’re going after Madoff for his thievery and Ponzi Scheme (50 Billion Dollars estimated) and the entire Social Security System is a scam.

There isn’t any profit any special Social Security fund, all that money collected goes into the overall fund and it is spent. Should you consider this we’re over 10-trillion within the hole for the future obligations, meanwhile we now have people screaming about underfunded pensions in Corporate America, no I’m not happy about this either, it’s wrong to promise employees something and not fund it.

Obviously, that is Nothing when compared to Social Security Ponzi Scheme. Just think relating to this for any second, your calculator doesn’t go that high, it can’t do that many zeroes! This is a lot of zeroes, time for you to start figuring in powers of 10.

Why can’t we be honest with ourselves and work to fix these complaints now before they get unmanageable? Some say it’s past too far, but it’s never too late to start and the longer we wait the worse it will be later on. Please think about this.