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It's lazy people's way of getting free money from the gov't. Face it, alot of people abuse the SS with false claims just for a check. It's a fund that can be used to fund gov't projects without reasonable cause. It can be "dipped" into and spent loosely on however the gov't sees fit.
“The government’s $2.5 trillion debt to Social Security is the real reason that so many politicians want to cut benefits. They are trying to find a way to avoid having to repay the looted money…. Given the fact that much of the surplus revenue from the 1983 payroll tax hike ended up in the pockets of the super rich in the form of income tax cuts, I propose a special tax on this group of taxpayers to recoup the missing Social Security money. The government used revenue from the Social Security payroll tax hike to fund tax cuts for the rich because that was where the money was. I think the government should recover the ‘embezzled’ money by taxing the rich.”
In 1990, Reid, along with a few other senators, was trying to protect the future of Social Security by telling the truth about it. In a speech on the Senate floor, on October 9, 1990, Senator Reid made the following statement:
The discussion is are we as a country violating a trust by spending Social Security trust fund money’s for some purpose other than for which they were intended. The obvious answer is yes…On that chart in emblazoned red letters is what has been taking place here, embezzlement. During the period of growth we have had during the past 10 years, the growth has been from two sources. One, a large credit card with no limits on it, and, two, we have been stealing money from the Social Security recipients of this country.
Originally posted by hyperion.martin
reply to post by micmerci
I absolutely agree, I wonder though...considering that social security is actively assisting people, if you could go back in time and never have paid into it...would you take back the money or leave it to those in need (assuming that the ones taking advantage are not there) and continue to make your own investments?
But you are TRUSTING an institution that lies to you daily. You people are like abused wives who keep hoping that he will change if you just love him enough. Sheep.
Originally posted by mnmcandiez
Social Security is a TRUST fund
Originally posted by havok
reply to post by redoubt
Umm....I agree 100%.
I am holding the people to blame.
The people that abuse it, the gov't that uses it with no permission...etc.
I am not blaming the fund.
I blame the people for alot of things.
Maybe my context was misunderstood.