Comments on: Social Security

By: Glen McCain

Glen McCain — Mon, 30 Apr 2012 20:15:08 +0000

Social Security is broke. The full faith of USA backing behind SS is no different than the backing behind any other of our national debts. For several months now SS has been paying out more than it has taken in. This deference will now increase exponentially into the future. The deficit is now financed by interest from the bonds in the SS fund. The actual dollars used to make up the deficit are freshly printed just the same way as payments to any of our other deficits. So if SS is not broke because of the bonds that pay 2% interest in the SS fund, why not just print up enough bonds so that no one will even have to pay into SS any more. As a matter of fact I suspect that these bonds even exist. More likely this SS fund is just a number in a ledger somewhere. At some point in the future the books will have to be balanced. No amount of “fairness” will pay off our deficit. The only solution is the same one that all governments have used in the past, inflation. So all you other SS recipients, if we believe this story and let this thing happen, we are getting what we deserve.

By: Gary Abbott

Gary Abbott — Sat, 17 Mar 2012 05:41:42 +0000

Besides stealing all the money out of our Social Security Trust Fund the politicans in Congress have,over the years,increased the Federal tax codes from about 30 pages in 1913 to 5,296 pages in 2011. These added tax codes are riddled with loopholes to benefit big business and the rich. Now you know why our government is broke and is about 15+ trillion dollars in debt. All the politicans blame Social Security for causing a budget imbalance. For the life of me I can never understand why they keep using Social Security as a scapegoat. Everything they do in Congress is done along party lines to enhance their one sided agenda. How about “DOING THE RIGHT THING” for the good of the people who sent you there to represent us and not your political party or your loophole contributers to your re-election fund.

By: Helen Swope

Helen Swope — Sun, 04 Mar 2012 12:03:36 +0000

I HAVE TO AGREE WITH THE PREVIOUS COMMENTS RE: CONGRESS STEALING FROM SOCIAL SECURITY FUNDS. ALSO, WHAT ABOUT THE UNFORTUNATE PERSONS WHO DIE AND DO NOT DRAW BUT MAYBE TWO MONTHS OF S/S. THE SURVIVOR MAY (OR NOT) DRAW AT MOST HALF OF THE AMOUNT THAT WOULD HAVE GONE TO THE EARNER. THERE ARE TOO MANY UNQUALIFIED ILLEGALS ON THE PUBLIC DOLE, SOCIAL SECURITY SHOULDNT BE AN ISSUE. IT WORKS. THANK YOU, Helen M Swope

By: Evelyn Long

Evelyn Long — Sun, 04 Mar 2012 03:20:44 +0000

Social Security is my absolutely only income. I have no other income of any kind. I don’t own any property and I don’t have any savings. I have to live
completely on my Social Security. I really don’t think I have to worry about losing it, however, because I’m 84 years old. The information in this article is very interesting. Thanks.
Evelyn Long

By: Frank

Frank — Sat, 03 Mar 2012 23:36:07 +0000

Social Security was a solvent company until all the leaders of our nation started to drain it, by funding other causes and slowly depleating it. By now it should of had trillions, instead we have an almost bankrupt fund that could have kept all the people who put their hard earned money into it not having to listen to yearly woes of how we are going to save it. Here’s a great idea, start repaying Social security back all the money that was taken from it with interst. Oh wait, they can’t do that their still taking from it. Sorry, my bad

By: Betty Schaub

Betty Schaub — Sat, 03 Mar 2012 22:44:32 +0000

If Congress hadn’t dipped into the social security fund for other things social security probably wouldnt be broke. Frankly, I think we should have every one should have health care benefits. By putting an extra percent onto the taxes it would probably pay for it. Canada, France Belguim, Germany and other countries have it, why can’t the U. S.