Social Security Rip Off
Observing President Bush rush to tout his rip-off of Social Security funds for his Wall Street buddies should come as no surprise to us voters. He’s got half a billion dollars in favors to pay back...like Wall Street accessing enormous funding normally put aside for social contracts, and employers forgoing paying their half of the payroll taxes.
It’s not that Social Security will run out of funds, but that he might run out of time and balance of power in this next election period before he can meet his goal.
Appealing to fears and greed, he is willing to drive a wedge between young and old, unweave the safety net, gut the funding base, and place us at risk to repeat history.
Remember the Great Depression, stock market crash, brokers leaping from windows, banks closing, jobs disappearing, soup lines, and seniors losing everything?
The price to our children is greatly reducing their Social Security benefits, subjecting them to the risks of the stock market, and eliminating a safety net for the nation. The price to us tax payers is the trillions of dollars we will pay to subsidize this monumental screw-up.
It’s our call, voters. Which is it...honor or greed?
It’s not that Social Security will run out of funds, but that he might run out of time and balance of power in this next election period before he can meet his goal.
Appealing to fears and greed, he is willing to drive a wedge between young and old, unweave the safety net, gut the funding base, and place us at risk to repeat history.
Remember the Great Depression, stock market crash, brokers leaping from windows, banks closing, jobs disappearing, soup lines, and seniors losing everything?
The price to our children is greatly reducing their Social Security benefits, subjecting them to the risks of the stock market, and eliminating a safety net for the nation. The price to us tax payers is the trillions of dollars we will pay to subsidize this monumental screw-up.
It’s our call, voters. Which is it...honor or greed?
posted by Val's Desk | 12:59 PM
25 Comments:
why does bush want to take away my money, my social security, the money that I was promised, he wants to take it away and gamble it in the bond market, what happens if the ecnomy collapses? all the money will be lost and the younger folks won't be willing to contribute anymore like they have to now
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