Thread: OT - Coulter
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Jerry McG
 
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Default OT - Coulter

..................... and there is that big old pile of money in the social
security trust fund, I guess bush can use that to pay for essential
services, right? That trust fund was built up using an additional 1% payroll
tax that was imposed in the 80s. You've been adding to it with your paycheck
every year since it was created so social security wouldn't fold in 2010.

First of all it isn't 1%, it's 2.5%. Your employer withoulds the other half
from your total compensation and pays it on your behalf. It was a rip off of
the tallest order, driven by your friendly tax & spend Democratic
politicians. Clinton hoped to tap into the strategy with Nationalized health
care in the '90's, which would have increased the tax burden to at least
10%, over and above the 15%+ FICA taxes, but was stopped dead in his tracks
when the public saw what was coming and elected a Republican congress to end
the madness.

STOP!!!! Big News Flash: There is NO "Social Security Trust Fund!"

Social Security and Medicare are not "savings accounts", they're pay-as-you
go taxes. The "Trust Fund" slogan was created by Democratic politicians to
fool people into thinking those FICA taxes were going into a savings account
for them somewhewre, and nothing is further from the truth. That money's
being spent as fast as it's collected. Worse, it's being spent on the
general expenses, not just Grandpa's Social Security and Medicare, and all
the asshole politicians do is write "IOUs" which have to be paid later on.
This means either we all pay higher FICA/Medciare taxes, or grandpa's Social
Security check gets cut.

Now, you ask, who started tapping into Social Security, those bad, evil
Republicans? NO! It was Democrat Lyndon "tax & spend" Johnson back in '65.
Think any politician has the guts to call this mess for what it is? **** No!

Unfortunately, giving the budget surplus to the rich will bankrupt social

security (which before the tax cut would have lasted another 50 years) in 10
years. Medicare will follow. Won't Grover Norquist be a happy camper when
that happens?

Social Security is an oxymoron. This is the worst program ever forced on the
Amrican people and the sooner it's gone the better. All of us could be
millionaires if the money stolen from us every week for that porgram could
be invested in private savings, simple, period end of argument. The govt are
a bunch of self-agrandizing thieves and liars and this program is the worst
example.

That tax cut doesn't seem like such a good idea now, does it? How about in

10 years, when you retire?

The penny comes due much later than that, but it's still a giant scam that
need to DIE through a phase-out. The short term consequences keep everyone
from admitting what a joke the entire mess is.