Fuck'um. There's one thing that the politicians forget about Social Security,

[Aaria]

we paid for it, and we want it there when we need it. Now if they have to up the anti on those that make over the threshold to make it last, cause there are more us that need it, then do it. They just don't get to hand it over to the Wall Street Gangsters or rape it for their buddies in the MIC and leave us with nothing. Fuck'um




Edit : Sp and 1 extra F'M

[indepat]

1. The Deficit Commission's task is simple: let workers' payroll taxes fund junior's tax cuts for the

wealthy by robbing the Social Security Trust Fund the old-fashioned way: steal it through legislative and executive fiat. :P

[SharonAnn]

2. Yep, they stole it "fair and square" and they don't want to give it back.

[mikehiggins]

3. another thing they forget or dismiss

seniors vote, and most have a very good idea of what is in their best interests.

And know that if the present workers are screwed by the Cat Food Commission, the rest of us will be next sooner or later.

Eisenhower was right.

[rhett o rick]

4. I am afraid that the three stogies Larry, Geithner and Curley will sacrifice

some, not all, Social Security income to Wall Street. It would create a great bubble. You know, turn up the temperature on the middle class frog. Not enough to cause a revolution but boil them slowly.

[SugarShack]

5. Dont' forget the FIVE MYTHS about Social Security!

Myth: Social Security is going broke.

Reality: There is no Social Security crisis. By 2023, Social Security will have a $4.3 trillion surplus (yes, trillion with a 'T'). It can pay out all scheduled benefits for the next quarter-century with no changes whatsoever.1 After 2037, it'll still be able to pay out 75% of scheduled benefits--and again, that's without any changes. The program started preparing for the Baby Boomers retirement decades ago.2 Anyone who insists Social Security is broke probably wants to break it themselves.

--------------------------------------------------------------------------------
Myth: We have to raise the retirement age because people are living longer.

Reality: This is a red-herring to trick you into agreeing to benefit cuts. Retirees are living about the same amount of time as they were in the 1930s. The reason average life expectancy is higher is mostly because many fewer people die as children than did 70 years ago.3 What's more, what gains there have been are distributed very unevenly--since 1972, life expectancy increased by 6.5 years for workers in the top half of the income brackets, but by less than 2 years for those in the bottom half.4 But those intent on cutting Social Security love this argument because raising the retirement age is the same as an across-the-board benefit cut.

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Myth: Benefit cuts are the only way to fix Social Security.

Reality: Social Security doesn't need to be fixed. But if we want to strengthen it, here's a better way: Make the rich pay their fair share. If the very rich paid taxes on all of their income, Social Security would be sustainable for decades to come.5 Right now, high earners only pay Social Security taxes on the first $106,000 of their income.6 But conservatives insist benefit cuts are the only way because they want to protect the super-rich from paying their fair share.

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Myth: The Social Security Trust Fund has been raided and is full of IOUs

Reality: Not even close to true. The Social Security Trust Fund isn't full of IOUs, it's full of U.S. Treasury Bonds. And those bonds are backed by the full faith and credit of the United States.7 The reason Social Security holds only treasury bonds is the same reason many Americans do: The federal government has never missed a single interest payment on its debts. President Bush wanted to put Social Security funds in the stock market--which would have been disastrous--but luckily, he failed. So the trillions of dollars in the Social Security Trust Fund, which are separate from the regular budget, are as safe as can be.

--------------------------------------------------------------------------------
Myth: Social Security adds to the deficit

Reality: It's not just wrong -- it's impossible! By law, Social Security funds are separate from the budget, and it must pay its own way. That means that Social Security can't add one penny to the deficit.

Sources: MSN Money & MoveOn.org


:thumbsup:

[Faryn Balyncd]

6. K&R

[Sherman A1]

7. Agreed & Well Said