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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (91219)12/18/2004 6:41:48 AM
From: LindyBill  Read Replies (2) | Respond to of 793783
 
i thought soc sec was a forced savings plan..

When the put this "ponzi scheme" into force back in the 30s, that's the way they sold it. As you indicate, what this will do is make part of that original statement true. The interesting thing to me is the almost hysterical reaction of the left to this. I guess they just don't want people to get off the government tit.



To: John Carragher who wrote (91219)12/18/2004 8:52:07 AM
From: Lane3  Read Replies (2) | Respond to of 793783
 
i thought soc sec was a forced savings plan.. i didn't volunteer to have the money taken out of my pay.

No, it's a tax. <g>



To: John Carragher who wrote (91219)12/18/2004 10:18:15 AM
From: haqihana  Respond to of 793783
 
JohnC, What too many fail to see in the SS system, is that the money extracted from the wages of workers, is not kept in a protected fund, which is bad enough, but the real kicker, is that because of all the red tape in any government operation, only 30 cents of each dollar taxed, is used to pay benefits. 70 cents of each dollar goes to the ridiculous expense caused by government waste by the process of that mountain of red tape.


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