Article

2020-10-31 Government

Social Security history of betrayal (short video)

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Posted by Besoeker 2020-10-31 00:00|| || Front Page|| [6 views ] Top

#1 You mean that "lock box" that is "full" of IOUs?

Posted by Clem 2020-10-31 00:50|| 2020-10-31 00:50|| Front Page Top

#2 The original SCOTUS challenge, the FDR administration justified it as a 'tax' not a pension system. In the 60s, the Donks and Prez Johnson did away with the fictional two books kept for record keeping and just merged the 'tax' into one spendable pot for the pols. Can't go any more broke than the central government running the printing presses.

Posted by Procopius2k 2020-10-31 08:44|| 2020-10-31 08:44|| Front Page Top

#3 Exactly. I thought it was called "the FICA tax" which all goes into the so-called general fund.

Posted by Clem 2020-10-31 09:38|| 2020-10-31 09:38|| Front Page Top

#4 It was never anything but a scam. Big Brother claims that he doesn't trust you with your own money so he steals it while you're working with some vague promise that he'll dole it back to you in amounts that he sees fit when you get old. Never mind that you might well croak before you ever get it all back. Never mind that you won't be able to pass it on to your family.

I'd be a rich man today if I'd been allowed to put all that money into a 401(k).

Posted by Abu Uluque 2020-10-31 12:46|| 2020-10-31 12:46|| Front Page Top

#5 And people wonder why I don't trust Democrats.

Posted by Abu Uluque 2020-10-31 12:47|| 2020-10-31 12:47|| Front Page Top

#6 It's even worse than a Ponzi/Pyramid scheme. At least with those, you can voluntarily get in and get out.

Posted by Clem 2020-10-31 13:05|| 2020-10-31 13:05|| Front Page Top

#7 Joe will let all the people in the world “emigrate” to the US. Our businesses can hire them without paying social security. People like me will be in the soup line at the local Catholic charity. How many people can the USA take before the revolution.

Posted by Lionel Train 2020-10-31 17:08|| 2020-10-31 17:08|| Front Page Top

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