We are spending our children's future(The
Social Security Trust
Fund is just IOU's). If a CEO spent the pension funds on
current operations this government would prosecute in a
heartbeat.
The "Trust Fund" balance is zero and the day
that the social security levy does not equal the outflow
taxes will have to be raised to cover the shortfall. Our
children will see payroll taxes
15 years from now raised 40 percent just to pay social security.
If you doubt what I say and you should always be
skeptical, ask yourself why if the budget is balanced,
how come the National Debt is continuing to increase.($65 billion+ a
year from Social Security helps mask the
deficit. Why in the face of this budget surplus does the national debt keep going up?
Warning!
Nearly all of the Social Security "Fixes" rely on drawing
money from this mythical
Trust Fund
Warning!
The Government is
unlike a private entity when the government goes broke it's
more spectacular.
There is no such thing as a new source of revenue.
The government has no money it is all yours.
No wealth distribution scheme made by government is as
fair or just as everyone being able to keep the fruit of
their labor.
Often the opposite of charity is justice.
Failure to plan on your part does not automatically
constitute an emergency on my part.
Estimated OASDI and HI Income Excluding Interest,
Outgo, and Balance in Current Dollars. Intermediate
Projection, Calendar Years 1998-2075