Well, here's a surprise - another liberal-progressive who claims the perpetrators of the greatest Ponzi scheme of all time is somehow not a problem for the people who are perpetrating the scam. It's not their fault - they created the scam in good faith; that faith being the one where they steal all the money and then have the nerve to stand there and tell you to ignore what your lying eyes are saying.
As usual, when it comes time for serious solutions, all we can count on from liberals is serious distraction, serious denial and serious lying so that they can do whatever it takes to sustain the scam at your cost and expense.
The reality is that Social Security is already running deficits 12 years ahead of the most optimistic predictions of the operators of this Ponzi scheme and it is going to fail. The math cannot be made to work. People who paid into the plan and people who are paying into the plan now have been defrauded. They cannot raise tax rates high enough to sustain the scam because taxation is a limited activity that always creates economic destruction as its chief outcome. This means there is a practical limit. In the case of the Modern Era, any time the marginal tax rate exceeds 19% of GDP, the economy slides into a recession and the actual collection of receipts is reduced until the marginal rates are adjusted below the 19% rate. This is what happened at the end of the Clinton era when the rates reached approximately 21% of GDP and the resulting recession lasted until the Bush tax cuts took effect (interestingly enough, despite the so-called "conventional wisdom" that the Bush tax cuts "weren't paid for", the reality is that tax receipts reached record levels in the years following the cuts, thus completely sustaining my position and completely repudiating any credibility owing to liberal-progressive claims). This means they cannot tax their way out of the mess - there will never be enough tax revenue to sustain the program even if they eliminate all other discretionary spending - which we all know the liberal-progressives in the political class will never do because they give that money to their fellow Ponzi scheme co-conspirators. This means they have to face the reality that, once again, the liberal-progressive movement will be defrauding people by taking away a benefit that these people already paid for. This is fraud and theft under color of authority - but since fraud and theft under color of authority is the central political philosophy and real economic agenda of the political class and the modern liberal-progressive movement, their hope is that you will let them get away with it by virtue of them calling it a "reform" and suckering you yet again with another series of lies.
Which brings us to the key issue: why would we ever believe them on anything? Until they can keep their promises on a single item in the liberal-progressive agenda (other than spending with no restraint and taxing us until we are dead), nobody should believe a thing a liberal-progressive has to say because it points to this glaring problem; there is no agenda, just a criminal conspiracy.
This would not be complete without a solution. The reality of this situation is that Social Security must change. We had the government run it as an exclusive monopoly for more than 60 years and the result is that, like AMTRAK and the Post Office, the liberal-progressive movement bankrupted the program by stealing the revenues and paying them out to themselves. This means Social Security will change and the choices are either to accept the current variations of being defrauded, or look at the only solution that can provide a complete resolution of the Social Security OASDI program without reducing benefits and do so without a single dime of taxpayer funds. That's right, The Fix For Social Security (part of The Fix - Capitalism Version 2.0) is the only fiscally-responsible plan out there that demonstrates a workable solution for resolving this nightmare that prevents government corruption from ever stealing another penny of the program's funds, actually increases benefits to our poorest senior and disabled households and provides a complete workout for the program without another dime of contributions. It's all part of Lovellian Economics (a branch of the Austrian School of Economics) and it is the only plan that Congress is actively attempting to prevent us from having any public discussion of because it ends the very corruption these people specialize in perpetrating. |
