The assault, on Social Security, that I told you about in July has begun. Let me repeat. There is no Social Security crisis ! There is no Social Security crisis ! Do not let the neo-cons scare you.
There will be enough money ( a $4.6 Trillion surplus) to pay out all the scheduled benefits until 2023. After 2023, Social Security will still be able to pay out at least 75% of the scheduled benefits – and that is if there are no changes.
However the government is not sitting still on this and is working on ways to improve that situation. If the very rich paid all their taxes, on all their income, Social Security would be sustainable for the rest of time. As of now, people only pay Social Security taxes on the first $106,000 of their income. That is a pittance on those “golden parachute” CEO’s and their heirs, who manage to get away with not paying their fair share. If this cap of $106.000 were eliminated,
there would be no more financial problems for Medicare or Social Security.
The Social Security Trust Fund consists of U.S. Treasury Bonds, which are backed by the full faith and credit of the United States. The federal government has never missed a single interest payment on its debts. However, if the funds had been put into the stock market as President Bush and his cronies wanted to do, what a disaster that would have been when the Market crashed !! Remember that when you are told that we need to privatize Social Security, because that is what would have happened to you.
Another myth that is being foisted on you is that Social Security adds to the deficit. That is impossible because by law, Social Security funds are separate from the budget, and must pay its own way. Social Security can not add one cent to the deficit. Do not be taken in by these lies that are being told to you. Social Security has been running surpluses for the last 25 years. Conservatives hate Social Security because its success nullifies their claim that government is the problem. And yet , in a disaster, the Federal government is the first they come to for help.
Sunday, August 22, 2010
Pork ??
Keeping the “pork” coming home to Alaska – a good idea or just plain selfishness?
Keeping our congress persons in office for thirty years – a good idea or just fostering more power hungry, pompous, pretentious, prevaricating, unprincipled profligates?
Alaska now has the reputation of being the richest state in the union as far as per capita income goes – but is this true?
Although we get our yearly dividends as an owner state – is this true?
Why then do we still have some of the largest per capita homeless population? the most rapes, incest, and drug use per capita ? – Is this good?
I, for one don’t think so.
Why do we allow the most corrupt Supreme Court to tell us that corporations are people?
Think people ! Don’t allow the lies to obfuscate your minds !!
At my age, I won’t be seeing the destruction of our democratic system, or feeling the loss of our freedoms, one-by-one. But you, who have children and grandchildren, wake up, please.
Keeping our congress persons in office for thirty years – a good idea or just fostering more power hungry, pompous, pretentious, prevaricating, unprincipled profligates?
Alaska now has the reputation of being the richest state in the union as far as per capita income goes – but is this true?
Although we get our yearly dividends as an owner state – is this true?
Why then do we still have some of the largest per capita homeless population? the most rapes, incest, and drug use per capita ? – Is this good?
I, for one don’t think so.
Why do we allow the most corrupt Supreme Court to tell us that corporations are people?
Think people ! Don’t allow the lies to obfuscate your minds !!
At my age, I won’t be seeing the destruction of our democratic system, or feeling the loss of our freedoms, one-by-one. But you, who have children and grandchildren, wake up, please.
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