I was a defacto supporter of Obama. My first choice was Hillary but when she supported him, I had no other choice. I was adamant about having to go through another four years with another Republican. However, although other people thought they were supporting a liberal, with Obama, I looked at the people who were his staff and I realized, we were being bamboozled. But what were the choices?
I have recently discovered that there was going to be another assault on Social Security and Obama was going to push it. His thinking is to be the first to hit Social Security to soften the blow when the Republicans slam it.
To my mind, having this, a Democratic President, wanting to cut Social Security is
outrageous. There is a notion that Social Security contributes to the federal deficits and that cutting benefits will take care of this problem. This is not true. Cutting Social Security Benefits will have no impact on the deficit problem, and all those in power know this. Social Security has a massive surplus now of $2.5 trillion and by 2023 the surplus will be over $4 trillion . Does this sound as if it is going broke? The money that you contribute to Social Security, the FICA is not a tax, it is involuntary savings and it belongs to the people and not to the government.
In truth, Social Security is fiscally responsible. By law, it cannot spend money that it does not have. Social Security could cover three-quarters of benefits until 2083, when people born today will be 73.
Thursday, June 10, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment