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Federal Criminal: Raise Social Security’s retirement age to 70

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posted on Jul, 1 2010 @ 10:49 AM
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From my personal blog Fascist Soup:

Boehner says the criminal Ponzi scheme you call Socialist Security will have to raise its retirement age to 70 and payouts should be tied to the consumer price index to help keep the system solvent.

While I agree that the system is totally insolvent, it’s also completely criminal. The Socialist Security Ponzi is a TAX, it is not a government run pension program. The bureaucrats suck the cream off the top of the system to fund all manner of criminal activity, such as bailing out failed businesses or waging unending war. The correct solution is to END the entire program.

A few things to keep in mind about the criminal Ponzi you call Socialist Security:

1. If you are single and die at 66, the government thanks you for your cash, because your family sure as hell isn’t going to get it.

2. If you had invested the same amount you put in to Socialist Security throughout your working life, the average tax paying family would have a million in retirement funds.

Some rough figures to show just how much money the government is stealing from you:

The 2008 median annual household income was: $51,233

Assuming 16% of 51,233 in payroll taxes as the annual amount you could have invested yourself = $8,197

$8,197 invested every year for 40 years at 5% interest = $1,097,412.32

—-

If you bought 8,197 dollars in gold ONE TIME PAYMENT in 1970:

The price per oz. of gold in January of 1970 was 34.94, which equates to 234 oz of gold for $8,197.

234 oz of gold today at $1240 an ounce is worth: $291,000 in todays cash.

Now obviously 8,197 dollars in 1970 was worth a hell of a lot more than it is today. That was the equivalent of about 2 new average priced cars at the time. But as we can see, the return on gold is multiples higher than its original real value.

The government is a criminal institution of looting degenerate thugs that use force and violence to rob you of your money. They then hand that money to either social degenerates that don’t feel like working for a living or ultra rich bankers and businessmen that suck at producing profits on their own.

You, the middle class, have been raped.

Suckers.

The Hill reports:


A Republican-held Congress might look to raise the retirement age to 70, House Minority Leader John Boehner (R-Ohio) suggested Monday.

Boehner, the top Republican lawmaker in the House, said raising the retirement age by five years, indexing benefits to the rate of inflation and means-testing benefits would make the massive entitlement program more solvent.

“We’re all living a lot longer than anyone ever expected,” Boehner said in a meeting with the editors of the Pittsburgh Tribune-Review. “And I think that raising the retirement age — going out 20 years, so you’re not affecting anyone close to retirement — and eventually getting the retirement age to 70 is a step that needs to be taken.”


more at link




posted on Jul, 1 2010 @ 10:59 AM
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Do these idiots live in the real world?
Where I am, a lot of people who lost thier jobs in their 50s find it impossible to find work.
Can you imagine how difficult it would be in your 60s? Not everyone is in perfect health at that age either. Just because people are breathing longer doesn't mean that they are employable.



posted on Jul, 1 2010 @ 11:03 AM
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reply to post by Flighty
 


Sorry buddy.

You've already been robbed.

Its too late to get your money back.

It was spent on bombs for Afghani children.



posted on Jul, 1 2010 @ 11:08 AM
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Originally posted by Flighty
Do these idiots live in the real world?
Where I am, a lot of people who lost thier jobs in their 50s find it impossible to find work.
Can you imagine how difficult it would be in your 60s? Not everyone is in perfect health at that age either. Just because people are breathing longer doesn't mean that they are employable.


I am now unemployable at 62 yet perfectly fit and capable. Agreed some are not, I happen to be very lucky that I have my health.

That would mean another 8 years until retirement. Will I be so fit then I wonder?



posted on Jul, 1 2010 @ 11:16 AM
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Some more obscene facts:

If you bought ONE ounce of gold per month for 40 years, you would have a half million worth of gold to retire on right now.

Simply buying one ounce of gold a month (which you could easily do if you were not being taxed to death) would give each individual a half million in value to retire on.

So a married couple would have a million combined if they each bought 1 oz.



[edit on 1-7-2010 by mnemeth1]



posted on Jul, 1 2010 @ 11:16 AM
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reply to post by mnemeth1
 


You are missing the entire scam behind this, littler by titler is been talks again of pushing the Republican agenda of privatization of SS but wall street doesn't stop there they want Medicare and Medicaid too.

See, SS is not drying out, for the contrary since these systems were enacted they still standing today, Why? because something that is generated by the tax payer itself have a very attractive flow of money coming in every month from those that work regardless if you are in minimum wages or not.

The latest scam is going to be again making everybody scare to death about losing their entitlement programs and let the government privatize them and increase the SS to 70, more money for the coffers of those in Wall street specially big banks and financial institutions that will be selling them to Chinese investors.

I wrote a thread on this same subject just a few weeks ago.

www.abovetopsecret.com...



posted on Jul, 1 2010 @ 11:18 AM
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reply to post by marg6043
 


No, you are missing the scam.

Its called a Ponzi scheme.



posted on Jul, 1 2010 @ 11:20 AM
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reply to post by PuterMan
 


Glad to hear that your health is fine.


I'm talking about those who are in between.
Not unhealthy enough for disability but no way healthy enough to compete against the able bodied either.
What are those people to do? Quietly go away and die?
You can also guarantee that the age will keep going up until finally you'll have to work until you cark it.



posted on Jul, 1 2010 @ 11:21 AM
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reply to post by mnemeth1
 


SS is not a ponzi scheme but will become if privatization hits, just like the worthless paper trail of the mortgage bubble scam that made it all over the global markets.



[edit on 1-7-2010 by marg6043]



posted on Jul, 1 2010 @ 11:21 AM
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What gets me about these discussions is the fact that nobody ever brings up the point that these folks are "supposed" to be the best most brilliant minds we can put in such places to make such decisions and the best they can come up with is to push our retirement date back.

Our grandparents thought we'd have a 3 day 20 hour work week, and these azzholes are talking about working till you drop in the field, lol...

THEY always look to have US make concessions, never the system itself.

A shame considering the system is supposed to serve us and not the other way around!



posted on Jul, 1 2010 @ 11:24 AM
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Originally posted by marg6043
reply to post by mnemeth1
 


SS is not a ponzi scheme but what will be become if privatization hits will be, just like the worthless paper trail of the mortgage bubble scam that made it all over the global markets.



Yes, it is a Ponzi scheme.

It is 100% every bit as fraudulent as what Madoff was doing.

EVERY BIT

WHY DO YOU THINK IT IS INSOLVENT?

MAGIC FAIRIES STOLE THE SURPLUS?



posted on Jul, 1 2010 @ 11:28 AM
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reply to post by mnemeth1
 


Is not insolvent that is what is been made believe to get people like you to fall for the privatization scam and the raise of the retirement age.

So your research behind the whole deal of who wants to dip into the SS fund and you will find the truth.

Wall-Street is betting on people that believe they way you do.
and so the Republicans behind the privatization scam since the Bush administration.



posted on Jul, 1 2010 @ 11:34 AM
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reply to post by marg6043
 


Are you dense?

THIS YEAR it is paying out more than it is taking in.

It has somewhere around 8 trillion in unfunded liabilities.

It is BROKE

As of right now, the Federal Criminal Government has to borrow to make payments on it.

[edit on 1-7-2010 by mnemeth1]



posted on Jul, 1 2010 @ 11:36 AM
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Well my friend you are correct once again. Unfortunately for most people who work for others, they have no choice as to whether they have to pay this as their wages are basically garnished before they see a dime. So the only answer for most folks who aren't self employed is the same answer that will solve 90%+ of our problems in this country: do away with the current criminal government and all their minions and replace it with a lawful republic once and for all! Of course they aren't gonna give up their massive racket without a fight so get ready to dig in!



posted on Jul, 1 2010 @ 11:39 AM
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reply to post by mnemeth1
 


No, are you? see that is what is been told to us, just wait for the next bailout to privatized entitlement programs and then come back to me with the same topic.

SS is not broken that is the biggest scam been played here.



posted on Jul, 1 2010 @ 11:43 AM
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Originally posted by marg6043
reply to post by mnemeth1
 


No, are you? see that is what is been told to us, just wait for the next bailout to privatized entitlement programs and then come back to me with the same topic.

SS is not broken that is the biggest scam been played here.



Perhaps you don't understand how money maintains its value.

If the government prints the money to conduct those bailouts while privatizing the social security trust, the payments will not change but the value of the money you receive most certainly will.

You will get your handout, however you'll be lucky if it buys you a loaf of bread.

This is what it means when a government defaults on its debt.

It prints money.

This is why gold is now at 1240 an ounce.

Socialist Security is TOTALLY INSOLVENT



posted on Jul, 1 2010 @ 11:50 AM
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I see, we are seen the whole issue of the SS in a different light here, I apologize for my view not been explained well enough.

I do agree with you side of the view on the issue, but mine is linked to Wall street trying to have the government privatizing the SS and Medicaid for profit gains.

Our entitlement programs are a steady income of tax payer money that is continuously feeding the funds while our morons in government keeps dipping into it.

But remember is feed continuously.



posted on Jul, 1 2010 @ 11:52 AM
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reply to post by marg6043
 


Yeah, and they have looted the surplus dry.

Thus it is insolvent.

Thus you will not get anywhere near the value of money you put into it.

Thus you have been robbed.

Thus you could be a millionaire by the time you retire if you had invested all that cash on your own.

You have been robbed of millions - personally.



posted on Jul, 1 2010 @ 11:59 AM
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reply to post by mnemeth1
 


I understand, where you are coming from now that I am stepping down from my original view.

But while people has lost money with SS due to death before even be able to claim it, is people like my father in law that has been collecting SS since he suffered an accident during the 70s while working.

Then is my father that while he is collecting since 62, (he is now 75) he is healthy enough to keep living until way 100 like his father did.


Still is this article that is very interesting.

Social Security Will Fall To Obama Before The Taliban Does


Wall Street’s approach to the poor has always been to drive them deeper into the ground.

As there is no money to be made from the poor, Wall Street fleeces them by yanking away their entitlements. It has always been thus. During the Reagan administration, Wall Street decided to boost the values of its bond and stock portfolios by using Social Security revenues to lower budget deficits. Wall Street figured that lower deficits would mean lower interest rates and higher bond and stock prices.

Republicans have extraordinary animosity toward the poor. In an effort to talk retirees out of their support systems, Republicans frequently describe Social Security as a Ponzi scheme and "unsustainable." They ought to know. The phony trust fund, that they set up to hide the fact that Wall Street and the Pentagon are running off with Social Security revenues, is a Ponzi scheme. Social Security itself has been with us since the 1930s and has yet to wreck our lives and budget.


www.economyincrisis.org...


Wall Street has got away with its raid on the public treasury. Now, pockets full, it wants to pay for the heist by curtailing Social Security and Medicare. Having deprived the working population of homes, jobs, and health care, Wall Street is now after the elderly’s old age security.



posted on Jul, 1 2010 @ 12:00 PM
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Few things piss me off more than seeing that tax on my paycheck. I have saved every single stub since the first summer I was eligible to get a job and worked at McD's and lifeguarded. I'm not sure how but I intend to get my money one way or another.


Additionally, the very idea of making seniors work longer before claiming their own money is an outrage.

There is nothing more depressing or shameful for our nation than a senior citizen who has to bag groceries or flip burgers to make ends meet after a lifetime of hard work.

This is what we have become America. This is your CorpGov.


[edit on 1/7/2010 by kosmicjack]



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