Quote:
Originally Posted by The Reaper
And the money you paid in is gone. Turned into IOUs at the Treasury by politicians.
|
According to a
2005 Cato article:
Quote:
|
It's the ultimate insult. Congress spends our Social Security taxes then expects us to pay more taxes to repay its borrowing. To date, Congress has borrowed and spent more than $1.7 trillion of Social Security taxes. This year it will borrow another $60 billion.
|
http://www.cato.org/pub_display.php?pub_id=3970
A growing number of Public employees are pissed because State Governments are messing with their guaranteed pensions......I would say Social Security will follow suite in the near future and much of the protest we see and will see is endorsed/pimped by the Head Agitator that resides in the oval office.
Personally I don't think it is right to 'contribute' to something under the guise that your going to get a return when in fact I will likely be left in same fashion as Bernie Madolfs investors. And secondly I don't believe I should have my taxes raised to support the outlandish pensions/benefits of public sector workers.
On the other side of the coin many of those same public sector workers, entitlement beneficiaries and their agitators feel the solution to the financial woes is to raise taxes on the private sector.
As far as I am concerned we can all suck it up and suffer through this together or we can have one hell of a bloody brawl.