We know there is no lock box where the government keeps the pile of cash they need to pay out to Social Security recipients. There is simply a stack of IOU’s government officials have put there, knowing that the day is coming when current receipts being used to pay retirees will not be enough to cover the total. It is a ponzi scheme that both parties are in on. We also know that if workers had the same amount of money that is taken from their checks for the social security “savings” trust to invest, they would end up being multi-millionaires rather than getting a paltry $2,000 or $3,000 a month. It is theft, pure and simple, brought to you by the U.S. Government.
Here is another scam that is designed to siphon off cash from retirees for government purposes. Under Barack Obama, the “working man’s friend,” there was a shortfall between gas tax receipts and projected highway spending. The president and his accomplices in crime looked around to find another source of revenue to pilfer, and they found it in the private pension plans of workers who will depend on those funds for comfortable retirement. That is not going to be the case.
See government plan for stealing pension funds on page 2:
Taking from pensions giving too our enemies & congress does nothing.
Teachers don’t get full pensions or full social security. I taught in public education for 24 years and private education for 20. In Texas, to get your full teacher retirement your age and years of service had to be 80 (now it is 90) or your retirement pension is reduced. Since I am a teacher, my social security is offset by the GPO and instead of getting the 970 I should get, I only get 440. Of course, the medicare payment is taken from that so I clear 300 a month. That extra money is the difference in me having to work part time now that I have retired or being able to enjoy retirement and saving a bit. This Congress doesn’t care about the middle class that works to pay for everyone else.
I agree. But unfortunately the process takes too long
Well, then, spead the wealth as u have said in the past.
Terrible!
the Democrats are trying anything to distract you with these petty things about Trump, they don’t want the public looking to closely at their criminal candidate Hillary.
Enough damage has been done arrest this Muslim illegal President for treason and impeach Obama .
THEY TOLD YOU IT WAS COMING YOU CHOICE TO IGNOR AND YES CATHY IT IS THEIF AND TAKING SS IS THEIF AS WELL.
Those funds should not be able to be used for anything other than what was intended.
James NiteHawk is correct. Working part time will soon become a requirement for me, if I can find work.