Thursday, September 8, 2011

Social Security Funding: Obama Proposes to Abolish Social Security

One of the most revealing parts of the NBC Republican debate was how the NBC/Politico "panelists" characterized the "problem" with Social Security as a "funding poroblem"--as if that is a mere detail rather than part of the very STRUCTURE of Social Security . Since NBC?MSNBC is virtually the spokesnetwork for the left, and the Obama Administration, you know that this is the official leftist position: that Sopcial Security is merely another Big Government WELFARE program, to be 'paid for" by "the rich". What NBC and Obama fail to mention is that to turn Social Security into this is to ABOLISH the Social Security system, as that system was conceived and set up by FDR. And NBC has the gall to say that Rick Perry wants to "abolish" Social Security. It is Obama who wants to ABOLISH Social Security, along with his sycophants at NBC and MSNBC.


Look at how dishonest NBC/MSNBC and Obama rare. We supposedly have a "funding problem" with Social Seucrity. What is the response of Obama? It is to ATTACK the only funding mechanism for Social Security: the payroll tax. Obama is going to announce still another proposed,m "temporary", "payroll tax cut" tonight. The one in effect now has FAILED to accomplish anything except threaten the funding for Social Security. Explain to me how it is not an ATTACK on Social Security to reduce the FUNDING from the only funding mechanism for Social Seucrity there is, when yur own positiion is that we have a "funding problem" with Social Security. Nope. NBC, MSNBC and Obama are all dishonest people, mounting an ATTAcK on Social Security as it waS set up.


What do I mean? It is obvious why you don't know, since both the media and Repubican politicians are part of the conspiracy of silence here. Social Security was supposed to be a SELF-FUNDING prgram. It was supposed to be self-funding and self-sustaining, as every new generation paid for the new retirees from the older generation. Rick Perry is right. BY DEFINITION, Social Security is a Ponzi scheme. What is a Ponzi scheme? It is a scheme where OLDER "investors" are paid off with money from NEW invetors. That is exactly the concept of Social Security: Younger people do NOT contribute retirement money into their own retirement. Rather, younger people PAY for the benefits for retiring older people, and those same younger people have to rely upon a NEW supply of younger people to pay THEIR benefits (the benefits of the current youner generations). You should be able to see that this fits every definitioin of a Ponzi scheme.


However, the virtue of the FDR plan was that it was supposed to be SELF-FUNDING and SELF-FINANCING, with every American paying into a retirement system from which EVERY American will ultimately benefit. It was not supposed to be a WELFARE system, even though the initial retirees (not that many of them) were obviusly welfare recipients. The Social Security program was supposed to be a program from which EVERYONE benefitted, and into which almost EVERONE paid. Sure. It was always set up so that you did NOT pay for yourself, but rather paid for older peoiple who are now retired. Still, you were supposed to pay into the system on an equal basis with the Kenndys, to the extent of your income, and the Kennedys would receive the SAME benefit (according to contributions) that a poorer person receives. That is the Social Security system as it is now supposed to exist.



NBC, MSNBC, and President Obama want to ABOLISH that system. They want to turn it into a straight WELFARE, wealth redistribution system. That is why Obama does not care if he DAMAGES the "funding" for Social Security with a FRAUDULENT "payroll tax cut". Obama wants to turn Social Seucrity inot the system that FDR rejected: a straight WELFARE system "paid for" by "the rich". No, Obama does not care that there is not enough money i the universe to do this. That has never bothered Obama (where the mney is supposed to come from, as Obama is a LIAR about believing we should "ive within our means"). Thus, Obama wants to "fund" Social Security the same way every other Big Government welfare program is "funded". He wants to abolish the payroll tax (as is true of NBC and MSNBC--as is true of basically all of the mainstrream media and the rest of the left). Further, Obama and the left want to MENS TEST Social Security.


Note how the resutl will NOT be the Social Security system set up by FDR. Obama, NBC and MSNBC want to ABOLISH that system. That is a self-funding (if flawed) system, which gave every American a stake in a retirement program. The FDR idea was that "means testing" would mean the ultimate destruction of the program, as it will. OBAMA will be the ultimate destruction of the program, if he has his way. Perry is right, whether Perry has the "answer" or not. If we do not "fix" the STRUCTURE of Social Seucrity so that it remainss the kind of self-funding, universal, self-sustaining system envisioned by FDR, then the system WILL NOT EXIST for today's younger generations. For that matter, if Obama, NBC and MSNBC have their way, the system will NOT EXIST in the form that FDR created by the time Obama gts out of office. The Obama ATTACK on the ONLY "funding" mechanism for Social Security makes that obvious.


I will ot again go into the reasons that REPUBICANS (too many of them) are willing to go along with the FRAUDULENT wealth redistribution scheme represented by a "payroll tax cut" or "payroll tax holiday". Let me jsut repreat what I have said: EVERY REPUBICAN who fails to take VIGOROUS action (not just a vote) to STOP this fraud is DEAD (figuratively) to me. Further, the Republican Party will be DEAD to me (figuratively). And that will be FOREVER. I will promte a third party at that point, and never mention the Repubican Party by name again. I still consider the chances 800-90% that the Repubilcan Party will not make it (for me) to the 2012 electin. If the Republican Party LETS this fraud of a "payroll tax cut" happen AGAIN, then I a ready to see the whole arty DESTROYED. I will be glad to help that happen in any way I can. This particular betrayal is too much for me. I cannot stand to be associated with it.


"But Skip, the betrayal has not even happened yet." . I can read the signs, thank you very much. John McCain signalled the "estalbishment" Republican position last night on Grea Van Susteren's program. The straws are in the wind. And NO, it will NOT be "apid for". That is simply a lie. Did I just call John McCain a liar (although he was not asked that question)? Of course I did. He is a liar. This whole Republican support of a "payroll tax cut"--especially in combination with their CROCODILE TEARS on th debt ceiling--is a BIG LIE. I will not stand it. I cannot stand it. If Republicans somehow find their principles and REJECT this "payroll tax fraud", maybe I will continue to hold out some minor hope for the Republican Party. Thus, this is not a "final judgment". It is a WARNING. As far as I am concerned, the Repubican Party is on the edge of extinction. I will not pronounce them dead ahead of time, but I WILL pronounce the party dead if it ignores this warning.


All of this (Repubican betrayals) does not change that Obama, NBC and MSNBC want to ABOLISH Social Security as FDR set it up. Repubicans should SAY this. Even Perry failed to say it, an dhe should have last night. For that matter, Perry should say WHY Social Security is a Ponzi scheme, BY DEFINITION. It is not "extreme rhetoric". It is a fact. That does not mean that we have to "abolish" Social Security, and Perry has never said that. But if we do not come up with some way of STRUCTURING Social Security so that the FDR concept cn work, despite the Ponzi scheme "funding" mechanism, then Social Security will "abolish" itself. In the meantime, Obama is trying to ABOLISH it right now.


P.S. No proofreading or spell checking (bad eyesight).

No comments: