Obama Pulling Old Dem Line on Social Security
by Big Dog on May 18, 2008 at 21:37 Political
Barack Obama might say he is a new kind of politician and he might say that he is not part of the DC cabal that runs the country from smoke filled back rooms but one thing is for sure, Obama is a typical liberal and uses their tired old arguments.
Obama is warning senior citizens that their Social Security is in trouble if they elect John McCain because he favors privatization. Oh heavens no, not Social Security. Isn’t that the same program that Al Gore and then John Kerry (he served in Vietnam) said would be threatened if seniors were foolish enough to elect (and then reelect) George Bush? Amazingly, no one has missed a Social Security check in the last eight years.
This is all part of the Democrat’s very simplistic game plan. Every four years they trot out the same crap and try to scare one group or another into voting for them because the evil Republicans will take away everything. Social Security is always a hot button issue around election time and politicians love to tell us how they are going to make it better blah, blah. The truth is, the day after the election they forget about it. They continue to kick the can down the road until the next election and then they play the same game. Barack Hussein Obama is a typical politician and he is lying to the American people in order to get elected.
No, Obama is not lying about McCain favoring privatization but he is lying when he says that Social Security would be in jeopardy under a McCain presidency. Social Security is already in danger and it is because it is run by the government. The politicians confiscate money from us (for our own goo) and yet they will not let us decide how OUR money should be invested. They throw it into one big pool and then redistribute it to the retired.
Years ago there was plenty of money and SS took in more than it spent each month. However, the politicians took that money and spent it on social programs and now the system is going broke and will be out of money in the not too distant future. The Democrat’s solution is to take more of your money and let them handle it. They earn less than 1% on any money that is left after they raid the cash box and that is supposed to make us feel good. Additionally, SS has been designated a government benefit by the SCOTUS and that benefit can be stopped at any time. We are not entitled to what we paid in and in most cases we will be lucky to get it.
Privatization is the only way to make SS work. The money would go into accounts in each worker’s name. Those accounts would belong to the worker and no one could take any of the money and that means that politicians could not spend it on other programs. If a worker died prior to retirement then the account could be passed to his heirs thus keeping it out of the hands of those in government who have proven time and again that they are not fiscally responsible. Social Security is in a mess because it is run by the government. That is the plain and simple truth. They have it and they control it which means they are responsible.
Senator Obama is playing the same old tired game because he refuses to face the fact that Americans deserve a retirement savings plan that is as good as the one every federal employee, including all members of Congress, have. This is particularly true since the money that funds SS is taken from workers. Allowing people to invest their money would make them well off when they retire and it would keep them from being dependent upon the government. This is what scares Obama and the Dems. If people retire wealthy then they will not be affected by scare tactics like those being employed by Obama.
It is amazing that the very people who say Republicans are divisive and use scare tactics in order to get elected are using scare tactics and being divisive in order to get elected.
Source:
My Way News
Why the Dems do not want you to control your money:
Assumptions. Annual salary of $35,000 and it does not change. A worker starting at 22 and working until 67. Social Security rate of 12.5% (6.25 worker and 6.25 employer). Assuming a 1% rate on the SS invested monthly for 45 working years an employee would have $248,999. Assuming the average market rate of 6% the employee would have $1,010,967. The worker would be about 5 times as wealthy and this would not bode well for the task master in government. Keep in mind that salaries usually go up and that the market only averages 6% and is usually better. If you can support yourself the government is unhappy. The whole idea behind welfare and other social programs is to keep people enslaved to the government.
Tags: liberal malfeasance, lies, McCain, Obama, privatization, social security
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This is Constitution Party presidential nominee Chuck Baldwin’s stance on SS:
The Constitution grants no authority to the federal government to administrate a Social Security system. The Constitution Party advocates phasing out the entire Social Security program, while continuing to meet the obligations already incurred under the system. Until the current Social Security system can be responsibly phased out, we propose that:
• The Social Security tax is not a “rainy day” fund which politicians can pirate, or from which they can borrow to cover their errors and pay for their excesses.
• Individuals who have contributed to Social Security be allowed to withdraw those funds and transfer them into an IRA or similar investments under the control of the individual contributor.
• Any sort of merger between the U.S. Social Security System and that of any foreign country must be banned, so the distribution of benefits will not go to persons who have not qualified for payments under American law as legal residents.
• Earning limitations on persons aged 62 and over be removed, so that they may earn any amount of additional income without placing their benefits at risk.
• Those provisions of the Social Security system which penalize those born during the “notch years” between 1917 and 1926 be repealed, and that such persons be placed on the same benefit schedules as all other beneficiaries.
We support the right of individuals to choose between private retirement and pension programs, either at their place of employment or independently.
We need to start to reign in this out of control government and neither McCain nor Obama are willing to do this!