Social Security is Not a Ponzi Scheme, Mr. Perry

[Seawytch]

Why Social Security is Not a Ponzi Scheme

 

[Bfgrn]

There shouldn't be any more shining example of poor government is at at delivering services or how completely blind and obtuse liberals can be to it's abject failure, than SS.

What is SS goal? A safety net for the elderly and disabled.

Is the fund being used for that? NO

Is it solvent? NO

Is it the best a person can do to ensure income after retirement. HELL NO.

Is it a shining example of how blind liberals can be in their attempt to be 'compassionate' via government? YES

You love to spew propaganda that has NO basis in facts.

Social Security is a model of efficiency. The annual costs of running Social Security amount to less than 1 percent of its benefit payments.

The life insurance industry has costs that average 12 to 14 percent of benefits, an indication of what would lie in store for a privatized Social Security system.

The only 'ponzi scheme' being proposed is privatization of Social Security.

The problem with Social Security is when it was first implemented, the ratio was 159.4 workers for every beneficiary in 1940, 41.9 workers per beneficiary in 1945. During the 70s through to the 90s that ratio dropped to an average ratio of 3.3, and as of 2010 it holds a 2.9 ratio. The system cannot sustain itself in the manner it was first created, especially now that all the baby boomers are retiring. Add to that, future taxpayers lost through Roe vs Wade (you really DO reap what you sow) and then welfare, and it gets even worse. Social Security is a dinosaur system that is in desperate need to be either overhauled into a NEW system (personal retirement accounts is a good idea) or face bankruptcy. You can't expect tax payers to pay into a "sinking ship": Medicare, Medicade, and Social Security already makes up 43% of Federal Spending with Defense Spending at 20% (2007), 43% to 25% (2011). These figures don't include the added expense of Obamacare, which will burden taxpayers even further. Unfortunately this is the "curse" that follows any government "entitlement" program.

Sources:
Social Security Online - HISTORY
File:U.S. Federal Spending - FY 2007.png - Wikipedia, the free encyclopedia
Government Spending Details: Federal State Local for 2011 - Charts

First of all Social Security is solvent and can sustain the baby boomer retirement. Second of all, long term sustainability can be easily fixed by raising the cap on income eligibility.

Bernie Sanders Introduces Bill To Lift The Payroll Tax Cap, Ensuring Full Social Security Funding For Nearly 75 Years

Maybe you might believe the father of Reganomics...

Wall Street Targets the Elderly
Looting Social Security
by PAUL CRAIG ROBERTS

Hank Paulson, the Gold Sacks bankster/US Treasury Secretary, who deregulated the financial system, caused a world crisis that wrecked the prospects of foreign banks and governments, caused millions of Americans to lose retirement savings, homes, and jobs, and left taxpayers burdened with multi-trillions of dollars of new US debt, is still not in jail. He is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives.

Wall Street’s approach to the poor has always been to drive them deeper into the ground.

As there is no money to be made from the poor, Wall Street fleeces them by yanking away their entitlements. It has always been thus. During the Reagan administration, Wall Street decided to boost the values of its bond and stock portfolios by using Social Security revenues to lower budget deficits. Wall Street figured that lower deficits would mean lower interest rates and higher bond and stock prices.

Two Wall Street henchmen, Alan Greenspan and David Stockman, set up the Social Security raid in this way: The Carter administration had put Social Security in the black for the foreseeable future by establishing a schedule for future Social Security payroll tax increases. Greenspan and Stockman conspired to phase in the payroll tax increases earlier than was needed in order to gain surplus Social Security revenues that could be used to finance other government spending, thus reducing the budget deficit. They sold it to President Reagan as “putting Social Security on a sound basis.”

Along the way Americans were told that the surplus revenues were going into a special Social Security trust fund at the U.S. Treasury. But what is in the fund is Treasury IOUs for the spent revenues. When the “trust funds” are needed to pay Social Security benefits, the Treasury will have to sell more debt in order to redeem the IOUs.

Currently these systems are not in deficit. The problem is that government is using earmarked revenues for other purposes. Indeed, since the 1980s Social Security revenues have been used to fund general government. Today Social Security revenues are being used to fund trillion dollar bailouts for Wall Street and to fund the Bush/Obama wars of aggression against Muslims.

Republicans have extraordinary animosity toward the poor. In an effort to talk retirees out of their support systems, Republicans frequently describe Social Security as a Ponzi scheme and “unsustainable.” They ought to know. The phony trust fund, which they set up to hide the fact that Wall Street and the Pentagon are running off with Social Security revenues, is a Ponzi scheme. Social Security itself has been with us since the 1930s and has yet to wreck our lives and budget. But it only took Hank Paulson’s derivative Ponzi scheme and its bailout a few years to inflict irreparable damage on our lives and budget.

Had Social Security been privatized, I doubt that Wall Street would have been permitted to deregulate the financial system. Too much would have been at stake.

After the latest crisis brought on by Wall Street’s dishonesty and greed, trusting Wall Street to manage anyone’s old age pension requires a leap of faith that no intelligent person can make.

Wall Street has got away with its raid on the public treasury. Now, pockets full, it wants to pay for the heist by curtailing Social Security and Medicare. Having deprived the working population of homes, jobs, and health care, Wall Street is now after the elderly’s old age security.

Social Security, formerly an untouchable “third rail of politics,” is now “unsustainable,” while the real unsustainables–a pre-1929 unregulated financial system and open-ended multi-trillion dollar Global War Against Terror–are the new untouchables. This transformation signals the complete capture of American democracy by an oligarchy of special interests.

More

The great enemy of truth is very often not the lie – deliberate, contrived and dishonest – but the myth – persistent, persuasive, and unrealistic. Too often we enjoy the comfort of opinion without the discomfort of thought.
President John F. Kennedy

 

[mudwhistle]

You love to spew propaganda that has NO basis in facts.

Social Security is a model of efficiency. The annual costs of running Social Security amount to less than 1 percent of its benefit payments.

The life insurance industry has costs that average 12 to 14 percent of benefits, an indication of what would lie in store for a privatized Social Security system.

The only 'ponzi scheme' being proposed is privatization of Social Security.

The problem with Social Security is when it was first implemented, the ratio was 159.4 workers for every beneficiary in 1940, 41.9 workers per beneficiary in 1945. During the 70s through to the 90s that ratio dropped to an average ratio of 3.3, and as of 2010 it holds a 2.9 ratio. The system cannot sustain itself in the manner it was first created, especially now that all the baby boomers are retiring. Add to that, future taxpayers lost through Roe vs Wade (you really DO reap what you sow) and then welfare, and it gets even worse. Social Security is a dinosaur system that is in desperate need to be either overhauled into a NEW system (personal retirement accounts is a good idea) or face bankruptcy. You can't expect tax payers to pay into a "sinking ship": Medicare, Medicade, and Social Security already makes up 43% of Federal Spending with Defense Spending at 20% (2007), 43% to 25% (2011). These figures don't include the added expense of Obamacare, which will burden taxpayers even further. Unfortunately this is the "curse" that follows any government "entitlement" program.

Sources:
Social Security Online - HISTORY
File:U.S. Federal Spending - FY 2007.png - Wikipedia, the free encyclopedia
Government Spending Details: Federal State Local for 2011 - Charts

First of all Social Security is solvent and can sustain the baby boomer retirement. Second of all, long term sustainability can be easily fixed by raising the cap on income eligibility.

Bernie Sanders Introduces Bill To Lift The Payroll Tax Cap, Ensuring Full Social Security Funding For Nearly 75 Years

Maybe you might believe the father of Reganomics...

Wall Street Targets the Elderly
Looting Social Security
by PAUL CRAIG ROBERTS

Hank Paulson, the Gold Sacks bankster/US Treasury Secretary, who deregulated the financial system, caused a world crisis that wrecked the prospects of foreign banks and governments, caused millions of Americans to lose retirement savings, homes, and jobs, and left taxpayers burdened with multi-trillions of dollars of new US debt, is still not in jail. He is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives.

Wall Street’s approach to the poor has always been to drive them deeper into the ground.

As there is no money to be made from the poor, Wall Street fleeces them by yanking away their entitlements. It has always been thus. During the Reagan administration, Wall Street decided to boost the values of its bond and stock portfolios by using Social Security revenues to lower budget deficits. Wall Street figured that lower deficits would mean lower interest rates and higher bond and stock prices.

Two Wall Street henchmen, Alan Greenspan and David Stockman, set up the Social Security raid in this way: The Carter administration had put Social Security in the black for the foreseeable future by establishing a schedule for future Social Security payroll tax increases. Greenspan and Stockman conspired to phase in the payroll tax increases earlier than was needed in order to gain surplus Social Security revenues that could be used to finance other government spending, thus reducing the budget deficit. They sold it to President Reagan as “putting Social Security on a sound basis.”

Along the way Americans were told that the surplus revenues were going into a special Social Security trust fund at the U.S. Treasury. But what is in the fund is Treasury IOUs for the spent revenues. When the “trust funds” are needed to pay Social Security benefits, the Treasury will have to sell more debt in order to redeem the IOUs.

Currently these systems are not in deficit. The problem is that government is using earmarked revenues for other purposes. Indeed, since the 1980s Social Security revenues have been used to fund general government. Today Social Security revenues are being used to fund trillion dollar bailouts for Wall Street and to fund the Bush/Obama wars of aggression against Muslims.

Republicans have extraordinary animosity toward the poor. In an effort to talk retirees out of their support systems, Republicans frequently describe Social Security as a Ponzi scheme and “unsustainable.” They ought to know. The phony trust fund, which they set up to hide the fact that Wall Street and the Pentagon are running off with Social Security revenues, is a Ponzi scheme. Social Security itself has been with us since the 1930s and has yet to wreck our lives and budget. But it only took Hank Paulson’s derivative Ponzi scheme and its bailout a few years to inflict irreparable damage on our lives and budget.

Had Social Security been privatized, I doubt that Wall Street would have been permitted to deregulate the financial system. Too much would have been at stake.

After the latest crisis brought on by Wall Street’s dishonesty and greed, trusting Wall Street to manage anyone’s old age pension requires a leap of faith that no intelligent person can make.

Wall Street has got away with its raid on the public treasury. Now, pockets full, it wants to pay for the heist by curtailing Social Security and Medicare. Having deprived the working population of homes, jobs, and health care, Wall Street is now after the elderly’s old age security.

Social Security, formerly an untouchable “third rail of politics,” is now “unsustainable,” while the real unsustainables–a pre-1929 unregulated financial system and open-ended multi-trillion dollar Global War Against Terror–are the new untouchables. This transformation signals the complete capture of American democracy by an oligarchy of special interests.

More

The great enemy of truth is very often not the lie – deliberate, contrived and dishonest – but the myth – persistent, persuasive, and unrealistic. Too often we enjoy the comfort of opinion without the discomfort of thought.
President John F. Kennedy

You actually trust the government????

That's a good one.

Okay.....a bit of reality.

Governments make laws an impose regulations that the private sector has to follow.

Who makes government follow their own rules and regulations???

Nobody.

Try suing the government and see how far you get.

 

[NYcarbineer]

For the SS is not a Ponzi scheme crowd.

One, a Ponzi scheme collects money from new investors and uses it to pay previous investors—minus a fee. But Social Security collects money from new investors, uses some of it to pay previous investors, and spends the surplus on programs for politically favored groups—minus the cost of supporting a massive bureaucracy. Over the years, trillions of dollars have been spent on these groups and bureaucrats. Two, participation in Ponzi schemes is voluntary. Not so with Social Security. The government automatically withholds payroll taxes and “invests” them for you.
Three: When a Ponzi scheme can’t con new investors in sufficient numbers to pay the previous investors, it collapses. But when Social Security runs low on investors—also called poor working stiffs—it raises taxes.

Social Security is Not a Ponzi Scheme, Mr. Perry - Hit & Run : Reason Magazine

I believe his point is that By Taking from the SS trust Fund to Fund the General Budget, Congress has turned it into something like a Ponzi Scheme.

Does that mean that everyone who buys US treasuries is in a Ponzi scheme? Because that's all SS does, and it's all its ever done.

 

[Bfgrn]

The problem with Social Security is when it was first implemented, the ratio was 159.4 workers for every beneficiary in 1940, 41.9 workers per beneficiary in 1945. During the 70s through to the 90s that ratio dropped to an average ratio of 3.3, and as of 2010 it holds a 2.9 ratio. The system cannot sustain itself in the manner it was first created, especially now that all the baby boomers are retiring. Add to that, future taxpayers lost through Roe vs Wade (you really DO reap what you sow) and then welfare, and it gets even worse. Social Security is a dinosaur system that is in desperate need to be either overhauled into a NEW system (personal retirement accounts is a good idea) or face bankruptcy. You can't expect tax payers to pay into a "sinking ship": Medicare, Medicade, and Social Security already makes up 43% of Federal Spending with Defense Spending at 20% (2007), 43% to 25% (2011). These figures don't include the added expense of Obamacare, which will burden taxpayers even further. Unfortunately this is the "curse" that follows any government "entitlement" program.

Sources:
Social Security Online - HISTORY
File:U.S. Federal Spending - FY 2007.png - Wikipedia, the free encyclopedia
Government Spending Details: Federal State Local for 2011 - Charts

First of all Social Security is solvent and can sustain the baby boomer retirement. Second of all, long term sustainability can be easily fixed by raising the cap on income eligibility.

Bernie Sanders Introduces Bill To Lift The Payroll Tax Cap, Ensuring Full Social Security Funding For Nearly 75 Years

Maybe you might believe the father of Reganomics...

Wall Street Targets the Elderly
Looting Social Security
by PAUL CRAIG ROBERTS

Hank Paulson, the Gold Sacks bankster/US Treasury Secretary, who deregulated the financial system, caused a world crisis that wrecked the prospects of foreign banks and governments, caused millions of Americans to lose retirement savings, homes, and jobs, and left taxpayers burdened with multi-trillions of dollars of new US debt, is still not in jail. He is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives.

Wall Street’s approach to the poor has always been to drive them deeper into the ground.

As there is no money to be made from the poor, Wall Street fleeces them by yanking away their entitlements. It has always been thus. During the Reagan administration, Wall Street decided to boost the values of its bond and stock portfolios by using Social Security revenues to lower budget deficits. Wall Street figured that lower deficits would mean lower interest rates and higher bond and stock prices.

Two Wall Street henchmen, Alan Greenspan and David Stockman, set up the Social Security raid in this way: The Carter administration had put Social Security in the black for the foreseeable future by establishing a schedule for future Social Security payroll tax increases. Greenspan and Stockman conspired to phase in the payroll tax increases earlier than was needed in order to gain surplus Social Security revenues that could be used to finance other government spending, thus reducing the budget deficit. They sold it to President Reagan as “putting Social Security on a sound basis.”

Along the way Americans were told that the surplus revenues were going into a special Social Security trust fund at the U.S. Treasury. But what is in the fund is Treasury IOUs for the spent revenues. When the “trust funds” are needed to pay Social Security benefits, the Treasury will have to sell more debt in order to redeem the IOUs.

Currently these systems are not in deficit. The problem is that government is using earmarked revenues for other purposes. Indeed, since the 1980s Social Security revenues have been used to fund general government. Today Social Security revenues are being used to fund trillion dollar bailouts for Wall Street and to fund the Bush/Obama wars of aggression against Muslims.

Republicans have extraordinary animosity toward the poor. In an effort to talk retirees out of their support systems, Republicans frequently describe Social Security as a Ponzi scheme and “unsustainable.” They ought to know. The phony trust fund, which they set up to hide the fact that Wall Street and the Pentagon are running off with Social Security revenues, is a Ponzi scheme. Social Security itself has been with us since the 1930s and has yet to wreck our lives and budget. But it only took Hank Paulson’s derivative Ponzi scheme and its bailout a few years to inflict irreparable damage on our lives and budget.

Had Social Security been privatized, I doubt that Wall Street would have been permitted to deregulate the financial system. Too much would have been at stake.

After the latest crisis brought on by Wall Street’s dishonesty and greed, trusting Wall Street to manage anyone’s old age pension requires a leap of faith that no intelligent person can make.

Wall Street has got away with its raid on the public treasury. Now, pockets full, it wants to pay for the heist by curtailing Social Security and Medicare. Having deprived the working population of homes, jobs, and health care, Wall Street is now after the elderly’s old age security.

Social Security, formerly an untouchable “third rail of politics,” is now “unsustainable,” while the real unsustainables–a pre-1929 unregulated financial system and open-ended multi-trillion dollar Global War Against Terror–are the new untouchables. This transformation signals the complete capture of American democracy by an oligarchy of special interests.

More

The great enemy of truth is very often not the lie – deliberate, contrived and dishonest – but the myth – persistent, persuasive, and unrealistic. Too often we enjoy the comfort of opinion without the discomfort of thought.
President John F. Kennedy

You actually trust the government????

That's a good one.

Okay.....a bit of reality.

Governments make laws an impose regulations that the private sector has to follow.

Who makes government follow their own rules and regulations???

Nobody.

Try suing the government and see how far you get.

Again, an icon of conservatism has you pegged....

No passion so effectually robs the mind of all its powers of acting and reasoning as fear.
Edmund Burke

One that confounds good and evil is an enemy to good.
Edmund Burke

 

[NYcarbineer]

There shouldn't be any more shining example of poor government is at at delivering services or how completely blind and obtuse liberals can be to it's abject failure, than SS.

What is SS goal? A safety net for the elderly and disabled.

Is the fund being used for that? NO

Is it solvent? NO

Is it the best a person can do to ensure income after retirement. HELL NO.

Is it a shining example of how blind liberals can be in their attempt to be 'compassionate' via government? YES

1. If the fund isn't being used for that, why are the elderly all getting their SS?

2. It is solvent, unless you believe the US federal government is going to default on its debt obligations.

 

[NYcarbineer]

The assault on Social Security from the Right has only 2 motivations:

1. their obsession with hating anything 'government' that doesn't involve war.

2. their desire to see Wall Street get its hands on more of your money.

 

[NYcarbineer]

If the GOP wants to run on privatizing Social Security, which would simply mean ending it,

they should step up and say so.

 

[Truthseeker420]

Definition for ponzi scheme:
A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned.

GOPers may intend on defrauding the elderly,which fits the GOP MO bit Democrats plan on meeting their obligations.

The may plan on it....but it rarely materializes.

Just remember....intentions are more valuable then results.

Social Security has not added one dime to the national debt and has a trillion plus dollar surplus and is solvent to 2037.

 

[CrusaderFrank]

Social Security is broke, Obama admitted it himself

 

[Truthseeker420]

Social Security is broke, Obama admitted it himself

I would hardly call a trillion plus dollar surplus "broke". Can it(SS) meet i's obligations after 2037? That depends.

 

[CrusaderFrank]

Social Security is broke, Obama admitted it himself

I would hardly call a trillion plus dollar surplus "broke". Can it(SS) meet i's obligations after 2037? That depends.

When the only entity on the planet that can redeem the assets is the US $1T annual deficit government, it's not a "Surplus", it's a Ponzi scheme

"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it" Barack "Social Security Really is Bankrupt" Obama, the Downgraded President

 

[Liability]

Social Security is broke, Obama admitted it himself

I would hardly call a trillion plus dollar surplus "broke". Can it(SS) meet i's obligations after 2037? That depends.

When the only entity on the planet that can redeem the assets is the US $1T annual deficit government, it's not a "Surplus", it's a Ponzi scheme

"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it" Barack "Social Security Really is Bankrupt" Obama, the Downgraded President

Unless, of course, the President was simply lying {**gasp!**} as a method of coercion, to get his way.

Dang. That's a tough one.

I WONDER if there's -- you know -- ANY possible, conceivable way, any method, any tools by which we might be able to ascertain if the President was being honest or was simply and intentionally lying?

Some forensic accounting of the government's budget and accounts, perhaps?

 

[Truthseeker420]

Social Security is broke, Obama admitted it himself

I would hardly call a trillion plus dollar surplus "broke". Can it(SS) meet i's obligations after 2037? That depends.

When the only entity on the planet that can redeem the assets is the US $1T annual deficit government, it's not a "Surplus", it's a Ponzi scheme

"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it" Barack "Social Security Really is Bankrupt" Obama, the Downgraded President

The Secretary of Treasury decides what bills are paid but the Republicans trying to make the government default makes my point in the previous post that with Republicans in control it(SS) might be a scheme but not with Democrats.

 

[OohPooPahDoo]

When money is invested it means more goods and services will be available in the future than would be the case otherwise.

LOL! No, sorry, but the inflation of stock prices does not produce anything.

You seem to believe production is a given. It's not. Every dollar the government takes out of your check in FICA taxes is robbed from future production.

That doesn't even make sense. My FICA contributions go to pay the retirements of those presently retired. In exchange, when I'm retired, the workers of the future will pay for me. That's kinda the way its worked for thousands of years - the young take care of the old.

 

[ShaklesOfBigGov]

You love to spew propaganda that has NO basis in facts.

Social Security is a model of efficiency. The annual costs of running Social Security amount to less than 1 percent of its benefit payments.

The life insurance industry has costs that average 12 to 14 percent of benefits, an indication of what would lie in store for a privatized Social Security system.

The only 'ponzi scheme' being proposed is privatization of Social Security.

The problem with Social Security is when it was first implemented, the ratio was 159.4 workers for every beneficiary in 1940, 41.9 workers per beneficiary in 1945. During the 70s through to the 90s that ratio dropped to an average ratio of 3.3, and as of 2010 it holds a 2.9 ratio. The system cannot sustain itself in the manner it was first created, especially now that all the baby boomers are retiring. Add to that, future taxpayers lost through Roe vs Wade (you really DO reap what you sow) and then welfare, and it gets even worse. Social Security is a dinosaur system that is in desperate need to be either overhauled into a NEW system (personal retirement accounts is a good idea) or face bankruptcy. You can't expect tax payers to pay into a "sinking ship": Medicare, Medicade, and Social Security already makes up 43% of Federal Spending with Defense Spending at 20% (2007), 43% to 25% (2011). These figures don't include the added expense of Obamacare, which will burden taxpayers even further. Unfortunately this is the "curse" that follows any government "entitlement" program.

Sources:
Social Security Online - HISTORY
File:U.S. Federal Spending - FY 2007.png - Wikipedia, the free encyclopedia
Government Spending Details: Federal State Local for 2011 - Charts

First of all Social Security is solvent and can sustain the baby boomer retirement. Second of all, long term sustainability can be easily fixed by raising the cap on income eligibility.

Bernie Sanders Introduces Bill To Lift The Payroll Tax Cap, Ensuring Full Social Security Funding For Nearly 75 Years

And would those Americans making over $250,000 who pay the same payroll tax into Social Security as those of lower incomes, be receiving these benefits? Stealing money from elsewhere to keep a system afloat does not "prove" a government program to be an established SOUND solvent system, any more than the United States Postal Service is an financially "efficient" government establishment. The "structure" core that created Social Security is still a failed one. Again, government entitlement systems only creates more Federal Debt, that has to look to greater taxes as its only means to remain afloat. If you want to look to another source of income, look to those who don't pay ANY taxes but enjoys a "free ride" on the backs of those Americans who work and invest for THEIR benefits. Look to the illegal immigrants, who many states provide them with free education and benefits, to invest into their new country that provided them with the American dream.

If you MUST look to those who "earn more", what of the unions? Don't they earn more than those of non-union workers? Are THEY not capable of being "patriotic" and giving a little bit more, in the form of a tax increase, to the Federal Government for those "less fortunate" who simply can't afford to?

 

[saveliberty]

It is to Republicans. Even many on Social Security. Only they don't know it's Social Security. They think it's from "fans".

Social Security is a bigger and better ponzi scheme than Bernie Maddof ever thought of.

For all your working life--you and your employer pay 12..4% of your gross wages into this fund. If you're lucky enough to make it to 67 years old they will give you back diddly sqaut on your investment--and should you meet your demise early and are single they simply confiscate your contribution. The Federal Government uses this fund to pay for wars--foreign aid--disaster relief--and about anything and everything other than what it was intended for--the well being of the elderly in this country.

That's why Rick Perry is right--he won't win election on his stance--because so many are dependent on social security today.

If you are old, $1,800.00 a month is nothing to sneeze at.

Precisely why you had better pray someone like Mr. Perry comes along and puts it back on stable financial ground before you have nothing.

 

[NYcarbineer]

Social Security is a Ponzi scheme!!! was the Right's lament back in 1983 too.

Then Reagan AND the Democrats fixed it.

Ponzi ponzi ponzi is nothing more than baseless rightwing fearmongering.

 

[Jarhead]

Social Security is a Ponzi scheme!!! was the Right's lament back in 1983 too.

Then Reagan AND the Democrats fixed it.

Ponzi ponzi ponzi is nothing more than baseless rightwing fearmongering.

Call it anything you want...it doesnt change the fact that it is broken.

Calling it a Ponzi scheme is not fear mongering.

Saying "if I dont get my way, seniors may not get the money they need to feed themselves"?....now THAT is fear mongering.

 

[Skull Pilot]

If the GOP wants to run on privatizing Social Security, which would simply mean ending it,

they should step up and say so.

That might convince me to vote for a repugnantcan.