Goodbye Barry - Welcome Home AMERICA!

Wednesday, September 18, 2013

Government Theft of Taxpayer Investment

"A new government study says that federal healthcare and retirement programs threaten to overwhelm the federal budget and harm the economy in coming decades...".

Here's the bottom line on that issue - if the spend-crazy Congress hadn't pillaged our Social Security funds over the last 85 years, and if they hadn't incrementally reduced the cash reserve from 5 years of expected outlay to 6 months of expected outlay, THERE WOULD BE NO "PROBLEM"! (It is a problem, in that the GOVERNMENT created the problem.)

Social Security IS NOT an "entitlement" as most people would see it, although the government defines it as such. It is a governmental FIDUCIARY OBLIGATION to the people who placed money into the program to insure their retirement, and it should be looked at as the original 401K or Keough retirement account.

According to our government, "The most important examples of entitlement programs at the federal level in the United States would include Social Security, Medicare, and Medicaid, most Veterans' Administration programs, federal employee and military retirement plans, unemployment compensation, food stamps, and agricultural price support programs." Of those nine federal programs only TWO are directly supported by specified deductions from our paychecks: Social Security and Medicare. The remaining seven are supported through unspecified portions of the general income tax. Social Security is a binding CONTRACT between the American people and their government, and it is enforceable by law.

Our money has been INVESTED in those two specific government programs, under the promise that in return, We the People will - at a specified point in time - get money, goods and/or services in return. These are not something-for-nothing programs, as are 'Welfare as the Family Business', food stamps and Medicaid, Those are the true ENTITLEMENT programs, and they should be the first to be cut. As for Medicare, we continue to pay for Medicare even after retirement - it is automatically withdrawn from one's SS check!

Our Social Security funds have been plundered by Congress - with impunity - for far too long!

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