I checked my refer logs this morning and found a back track to Whitescreek Journal, specifically, this post on Social Security.
I quote it so you don't have to go there:
Republicans are Hell bent to destroy Social Security.
Actually, they say they want to "Save" Social Security...But we all know that will work the way they "Saved" Iraq"...
In an interview with Marisa Bartiromo of MSNBC, President George Bush said that the privitization of Social Securiy will be back on the Republican agenda. That will essentially destroy Social Security, the most successful government program in the history of America.
From AARP:
A new AARP survey finds that boomer+ voters (age 42 and older) are strongly opposed to using Social Security taxes to fund private accounts. More than seven in ten of those polled (72 percent) said they oppose private accounts. Less than one in six (16 percent) of those polled said they support such accounts.
Oddly, the only attack ads about this so far are by Republicans who mischaracterize what the AARP has said. When will this issue go front and center? If Republicans keep control, they'll do everything they can to take the money and give it to their friends.
Currently, Your social security assets are held in the form of Treasury certificates, not cash. George Bush spent your cash on his war, and now, he's borrowing over $6000 a second to fight the war in Iraq. (Well over half a million of your tax dollars in the time it will take for you to read this rant)
And why do Republicans hate Social Security so much?
Republicans just can't stand seeing a pile of money they can't steal.
First of all, we all know that you can shave points of the poll in your favor by asking questions a certain way. AARP has a definite conflict of interest and could not produce a non-partial poll if they were passing out $20 bills.
Now, let's go over what Social Security actually is. It's a Ponzi scheme.
In simple terms, this is how it goes:
1. You recruit investors.
2. You recruit more investors.
3. You use the money from #2 to pay the investors from #1.
4. Repeat all steps.
You eventually reach a point where you cannot recruit enough new investors to pay the present investors, and the scheme collapses. You either take what you've skimmed off and retreat to Mexico, or you get caught and do 10 years or so for fraud.
When Social Security first started, very few people lived to be 65. Those that did, didn't last very long. There was also a ratio of 7 working people to 1 retiree. Today, people are routinely living into their 80's, meaning we pay them 15+ years of benefits. The ratio has also changed, with 1 working person to 1.1 retirees. That's right, you are starting to support more than one retiree. Which means your Social Security taxes will go up soon, whether you like it or not.
There is no "trust fund" with your money in it. It was raided in the 80's by a Democrat Congress, and it has been raided for every penny of profit it has made since. In about 15 years, just before I retire, the system will collapse. Too many people will be on Social Security that the SS Administration will have to start cashing in those notes that they have. And the money won't be there.
Now, let's look at what President Bush wants to do. He wants to privatize a portion of the taxes you pay into Social Security. This portion will go into a private account, that will be invested in the stock market. Now here's the part that the Democrats and AARP isn't telling you. Bush wants to give everybody the same pension plan as government workers. That's right. You will have the same options, and the same returns as any Federal employee with the amount that is yours.
You know, it's the Liberals who have been screaming, "We only have 20 years before it's too late!" for about 30 or so years now about the environment. Why can't they say "We only have 20 years before Social Security collapses! Let's do something about it!" Because they are the party of all hat and no cattle. They will gnash their teeth and rend their clothes, then do something that is totally ineffective or worse, harmful to the situation (I know, let's raise taxes!), then feel good that they have "done something." What they did was cover the problem with a layer of plaster without fixing the foundation.
President Bush isn't trying to crash Social Security, he's trying to carefully transition it out of the Ponzi scheme and into a sustainable program.