New York (CNNMoney) - Social Security is still the third rail of American politics.
Yes, the electric rail. Just ask Rick Perry, who got a taste of high-voltage current Monday as he was forced to defend his characterization of Social Security as a "Ponzi scheme" at CNN's latest Republican debate.
Rick Perry wants to end the program. It is just that plain and simple. Notice that he didn't backtrack on calling SSI unconstitutional. You cannot repair things that are unconstitutional, you eliminate them. For example, the only way to fix segregated school systems was to get rid of the segregated schools. That is Gov. Perry's plan for SSI, to get rid of it. Delegating the program to the states, which would only sow confusion as different states enacted different policies, would be a very slick and cynical way to end SSI.
too bad nobody there had guts to call Perry out on that baldfaced lie he told that the stimulus created ZERO jobs. Many of the jobs he claimed he created here in Texas were due to stimulus dollars, the rest of the money he used to balance his budget. Of course I guess the truth would not have played very well up there on that Tea Party stage where those people continue to live a a world of denial.
"Rick Perry will kill Social Security!!! I would like to warn our young people,"Its a known fact that all middleclass Americans have always "Lived up to their means". If they think the money they pay SS will be there,for them to invest in their own "Retirement" Think again!! It just puts you in a Higher Tax Bracket??? That money will go to the Federal Government. WaLa, your 62, you get sick,anything you saved, Gone! Good luck with that one?? If they think Perry cares, LOL!!!!
There was very little talk about the future and how to get there, it was re hashing past performances. Bachman had nothing at all about real solutions about the future just that the economy is easy to fix. Bachman did play the vaccine card because she has no idea on how to move the country forward so she tugged at our hearts with that issue. Not one of them stood up with a inspiring solution to make us feel good about what they would do to ensure a better future, way too much about the past.
Having just read the "what would I bring to the White House" comments by the hopefuls, I am absolutely convinced this group, individually, should NEVER be given a chance to bring anything, certainly NOT themselves, to live in the White House. Their extreme lack of compassion is stunning to read. Ronald Reagan's daughter Patti Davis is spot on, and I agree with her 100% - I DO NOT LIKE ANY of these folks. Watching them stumble through their talking points, oblivious to the truth of who they are actually "reaching out" to is embarrassing - for them, and for those of us they think they are "vouching" for. This ignorant disdain for honest working everyday Americans is truly overwhelming, and should never be given the light of day as a truth or a honor.
Hard to believe that anyone can take Perry seriously. Hopefully the TP dummies will assure a Perry nomination and an Obama win.
Many people critical of SS point out that people collect more than what they pay into the system. They want to know where the extra money comes from. They seem to think that current workers pay the benefits of current recipients. Too a large degreee, that is currently true.
But, it is not true because the program is a ponzi scheme. The program functions as a bank. Contributors make deposits, the bank makes loans and collects interest. Your collect more money from your savings account than what you put into because you have collected interest over the past few decades.
The program used to run a surplus. Republicans wanted to spend the money, not borrow it, and eventually succeeded in doing so. Bush found some funding for his wars in the SS fund. Republican policies have wiped out the surpluses and turned it into a ponzi scheme that requires unemployment to be at or below 4%.
A.It is MY money. B.It is taken by FORCE not by my agreement.C.It will NOT be there when I retire.D.It is a mass lie that people don't question out of desperation.E.It is theft by deception in that the money gets spent on all manner of other programs-so the Government takes your money-LIES to your face and just expects you to take it-cause WHAT can YOU do? You can VOTE and take back the country from crooks and LIARS. I hear the media say take the country back from WHO? Take it back from the rubber stamp hacks you keep re electing and the media that somehow knows "truth".A bad wind is headed down the halls of politics,this current system will not be standing one decade from now.