Yesterday, a friend of mine sent me an email pertaining to the history of Social Security.A lot of the facts I already knew and others were new and enlightening. So, tonight I want to get your dander up by discussing the current situation of Social Security funding.
Under the Johnson administration, Social Security funds were taken out of an independent fund and moved to the General Fund to be spent as the "Ruling Class" sought fit. This is where the problem started. The whole concept of Social Security Insurance was for individuals to have a safety net, at retirement age to pull from, that consisted of what they had contributed. If you paid $120,000 over your working lifetime, at a retirement age of 65, and considering a life expectancy of 85, you would receive $6,000 per year for the next 20 years. Not really rocket science, is it?
However, by today's rules, Social security has become the largest "Ponzi" scheme in the history of the world. Use the money from new investor's to pay the benefits of old investors. Bernie Madoff is spending the rest of his life behind bars for doing what our elected officials do every day and I want to see Social Security removed from the General Fund and brought back to it's original intent.
The whole issue, concerning the spending of these funds, is "Entitlements". Our governing body provides benefits for everyone who claims to have some sort of disability or hardship with Social Security benefits.
You may consider this the "Marie Antoinette Syndrome". She would have said, "Let them eat cake". I say, " Fuck 'em and feed 'em fish heads"!
It's not my fault that your 15 year old daughter got pregnant and none of you can afford to take care of them. I have no sympathy for the back injury patient that is now addicted to Oxy Contin. And, no, laziness is not a disease!
Come on Guys, this is simple financial math. If you put $10,000 in you can get $10,000 out. If you put $500,000 in you can get $500,000 out. My 2 year old can understand this logic! So, what do we do?
First, we write our congressmen at www.nwyc.com and let them know that we want the Social Security funds removed from the General Fund and put back into it's own, individual account. We don't extend benefits to people beyond what they have paid into the account. And, we let the Elite Ruling Class know that if they don't agree with us, the, they won't have a job next term.
Oh, but what if the Government wants to "Borrow" money from this fund? Can they? Absolutely! But, only in the form of Treasury Notes. we will gladly let you use our money in exchange for 5, 10 and 30 year T-bills on which you pay us interest. This has to be a much better deal than your getting today from China.
You're the Boss! Let them know it!.
Ok, now on a lighter note. I have decided to add, to this blog, a segment called "Joke Of The Day". We discuss some very serious issues here, however, a little humor always helps us maintain our sanity. I was torn, tonight, over 2 jokes to share with you, so since this is our first post for this segment, I'll throw both of them out there. Some of you may think that they're off-color or offensive but, get over it. They're jokes!
- Barack Obama walks into a bar with a parrot on his shoulder. The Bartender asks, "Hey Buddy, where'd you get that?" The parrot responds, "Africa. They're everywhere."
-What's the difference between Herb Moses and and a bologna sandwich? Barney Frank never chicken-headed a bologna sandwich!
I'm Tired Of The Tax!
Jon Waliga
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