Social Security

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lion
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Joined: 12/16/2005

It is the 75th Anniversary of Social Security, perhaps the most successful Federal Government program in our history.
It is estimated that Social Security now keeps 20 million Americans out of poverty. For tens of millions of others it is the core of their income in their later years.

Social Security was a life saver for my parents. They worked hard all their lives, survived the Great Depression and WWII. My father, with an 8th grade education, worked for a small business most of his life and had no retirement pension. My mother had worked enough over the years to qualify for Social Security. Social Security provided them a dignified but very modest life style when they could no longer work.

The Tea Party extremists and Libertarians who advocate abolishing or privatizing Social Security have no understanding of how crucial it is to so many Americans.

Under Ronald Reagan Americans reformed the financial base of Social Security to make it solvent for decades. We now need to make the changes required to ensure Social Security continues to be successful.

Joe Kawfi
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Joined: 07/20/2009
Social Security = Ponzi Scheme

It was beneficial for your parents because they were forced by law to contribute to the "Social Security Fund" by law. Nothing was given to them, they earned.

Now, had they been able to take that money that they were forced to "contribute" and invested it themselves, they could have probably doubled the money they had in retirement.

But no, the government decided that it would raid the fund to pay for pet projects. If corporations did the same thing, the government would put their CEO's in prison.

Now, because of the government raiding the "fund" and because of all of the leaches in society that receive SS as an "entitlement", even though they contributed nothing to it, it is now completely bankrupt.

And to top that off, House liberals warn Obama they'll oppose Social Security cuts.

So much for "making the changes required to ensure Social Security continues to be successful", eh lion?

You're not very bright, are you?

Cyclist
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Joined: 05/15/2007
Social Security is a great deal...

for a certain auntie and moocher.

Courthouserules
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Joined: 07/02/2010
kawfi

75 year Ponzi schemes are much better than the recent losing of 2/3 of investments for retirement in 401/ks. Many old working folks would be on welfare without it.
Well, you are against that also!
Besides most Americans will take it out and spend it and have no retirement if it is in 401-ks, as have many during this recession of Bush and his helpers.
Didn't think we would ever have another Hoover but we did!

Davids mom
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Joined: 10/30/2005
CHR

Pretty logical thinking for an Eskimo. (Intuit?)

Davids mom
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Joined: 10/30/2005
LION

We now need to make the changes required to ensure Social Security continues to be successful.

We need representatives in Congress who are willing to work together to make the necessary changes. WE NEED TO VOTE!