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But that's NOT what Social Security is supposed to be. Theoretically...I pay in a certain amount over the years and then I GET IT BACK WHEN I RETIRE. Every penny of it.
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Ok but let?s get back to reality for a moment Social Security has just been used as a general slush fund to pay for whatever government expenditure came up. Furthermore, it was never designed to be 100% payback because it provided for the disabled and dependent children whose parents passed away and these people never paid anything into the system.
There is a population bubble coming up politicians lie to us and say this means social security is bankrupt. The reality of what this means is the money collected to pay social security benefits wasn't put in a separate ?lock box? if it had been there would be plenty of money in the coffers to get over the population bubble.
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Why do so many people on this board seem to think it's okay to just take people's money? I do not understand that at all. I work hard for my money and the govt. just takes it.
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It pisses me off too, but I am a realist as a society we have to pay our collective bills. Fighting two wars is an expensive proposition, caring for the veterans of those wars for the next 50-70 years is going to be an expensive proposition. I wish the government hadn?t squandered the money on the no negotiation prescription drug benefit for seniors. The cost of government deregulation in the airline industry, savings and loan industry and banking industry has caused a great finical burden on the taxpayer. But those things have already been done we can?t undo them and we are still obligated to pay for them. If we don?t have enough revenue to cover these obligations what are our options as far as paying them? It certainly doesn?t seem wise to borrow another 700 trillion for tax cuts when we can?t meet our current obligation.
It?s is a bit like running your own business if we suddenly see our cash flow is negative generally the first thing we do isn?t go out and give ourself a big raise.
So it?s not that it is ok to take people?s money it is collectively as a society we made bad decisions by electing incompetent and corrupt leadership that told us we could have it all wars, tax cuts, prescription drug benefits and so on. Now it?s simply time to pay the piper for not being smart enough to know we really can?t have it all.