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Originally posted by condition9
reply to post by Rockpuck
You seem to have a great interst in the people on disabilities, are you an NWO agent//
Wrap your mind around that for a minute. The government took your money, whether you wanted them to or not, and stuck it in a “retirement” account for “your own good”. Then, it stole all the money (also for your own good) and used it to pay for other programs that became just as bankrupt as Social Security. Then it replaced the money it stole with an IOU, that can only be paid back by borrowing more money (putting the nation as a whole further into debt), or by raising taxes (crippling the net income of every middle class American).
Regardless of what you may have been told. A treasury Bond is NOT money. It is a statement of debt, a promise, an IOU, thats all it is, nothing more. We can all sit around and argue this fact until we are blue in the face, but none of that will ever change the fact that Social Security is completely bankrupt, and totally supported by generational looting.
A program that pays out more that it is receives cannot be sustained. They say fixing this program requires drastic measures. Measures like raising the retirement age, increasing the Social Security Tax on every income level across the board, and paying out less to it’s recipients. The other alternative that will be handed to you is to privatize the entire thing, which is essentially paying a corporate entity to manage the investment aspect of Social Security. Neither of these options will do anything other than purchase a few more years of retirement checks paid for by future generations, and make the deficit wider.
READ MORE : objectsinmotion.org...
Originally posted by ntech
And there is the rub. If you raise taxes you damage the economy. If the overall tax rate on the taxpayers goes too high it eventually makes no sense to work. You can make more money on welfare. Tax evasion becomes the standard. The rich simply move away. There simply is a point in the tax to income ratio where raising taxes simply causes tax income to fall. And the economy to suffer. Recession/depression anyone?
Originally posted by dreamseeker
reply to post by trailertrash
I don't know who to vote for anymore. Republican and democrat seem to overlap for me. They both lie, manipulate and try to take more and more away from the weakest and poorest.