Jul 082011
DirectorBlue’s take on Obama’s recent approach to debt-spending reductions:
Seniors, beware: Obama is prepared to slash and burn your benefits – earned by you over your entire working careers – in order to give your money to the unions. And he does so because much of that money will inevitably find its way back into his campaign coffers.
Unless the GOP stands firm on the Cut, Cap and Balance pledge, the unions will be kept whole while everyone else will be thrown to the wolves.
If all the money taken from me for SS by an overreaching government over a 40+ year working career had been properly invested, it would have “earned” (compounding of interest, minus administrative costs) far more than I, or the average wage earner, would have received back from the system. Actuarially, the plan might have worked if the legislators (crooks) who came to be in charge hadn’t changed an insurance program into a welfare program, then into a Ponzi scheme, thus queering the deal. Untrust those in government until fiscal and social conservatives can be sustained in office.
It is possible that your contributions with compounded interest might have paid for your benefits although I doubt it. If so, you were among the last that can make that claim.
Regardless, I am not as hopeful as you regarding the possibilities of fiscal or social conservatives behaving any differently. The voters have been so conditioned to Santa Claus and dependency that they demand a continuation of the policies and excesses that are destroying us. Politicians are parasites who need to be elected. The voters guarantee that the problems cannot be corrected without a massive collapse that changes everything, perhaps not for the best.
[...] posted here: Obama's Solution to the Debt Problem » Monty Pelerin's World Tags: benefits, debt, debt problem, obama, problem, recent-approach, seniors, solution, [...]
No doubt Obama will cut everything that does not benefit him, so I agree he’ll try to protect unions.
However, I do not condone scaremongering such as this:
“Seniors, beware: Obama is prepared to slash and burn your benefits – earned by you over your entire working careers ”
If this is in reference to Social Security, let’s not pretend those are “benefits” that have been “earned”. As a Ponzi scheme, all prior Social Security “benefits” paid out by the US Government are nothing more than distribution of stolen funds. Yes, STOLEN funds. That money was coercively taken by force of unjust law, against the free will of the people. The Government’s representation of Social Security as “insurance”, “retirement benefits” or anything else has been a fraudulent promise. Nothing has been invested. Worthless IOUs are in the Social Security Trust Fund. There’s no money there.
Continued theft and distribution of the booty is an on-going crime. I understand there are millions of seniors who have been duped into thinking they’ve earned benefits. Well, the fact you (or anyone else) was a victim of a crime in the past does not justify participation in the same crime against others.
Let that sink in!
If you have been the victim of a crime, you remain unentitled to commit or otherwise participate in the same crime against others.
If you’ve been the victim of theft by the Social Security Administration in the past, you are NOT entitled to steal from others nor are you entitled to authorize the Social Security Administration to steal on your behalf. This is not a benefit you have earned. I don’t care how much propaganda you’ve heard telling you otherwise. A crime is a crime, even if it is sanctioned by the laws of man.
Thou shall not steal.