Let's talk about this issue.
The President is touting his idea to privatize the system or to take a very small percentage of YOUR money and invest it into a priavate account that will in turn accumulate at a much larger rate than your currnet SS money is earning. The rate will vary but it will certainly be much more than 1 or 2 percent. If you look at the history of the stock market you could safely say it will be somewhere between 4 and 10 percent.
Many lawmakers, mostly democrats (Wow, what a shocker!) oppose this adjustment to the plan. They say it is a scheme and we can not afford to touch the SS money, it will cost too much to transition the program into private accounts. Blah, Blah, Blah!
I say this!
If the Congress, Senate and folks in the White House down through the years had not stolen that money to begin with, and used it in areas they should not have we would not have a problem at all. Now they are obligated to fix the problem but not by raising our taxes. If the SS program were being run by a business right now, the people in charge of it would be in jail!
They must find a way to resolve this problem without stealing more money from our paychecks to do it. They have and are currently taking too much money from us. We want our money back so that we can invest it and make our own retirement accounts. There is NO reason the government should be taking money away from any citizen and telling them they will hold it for us until we are ready to retire. To be fair about it make the entire program voluntary.
This is outright opression and larceny!
Give me my DAMN money back!!!!
Better take a moment here....
OK, if you want to read a bit about what's going on in Washington concerning this click here.
I also have found some history on Social Security and FDR. This document has some really good information about the subject as well as other historical inf. on other similar programs around the world throughout history. Very intereseting stuff written by Bill Hunot in 2002.
Have a peacful and relaxing weekend.