If you don't speak up you accept what is happening. This site was born out of the mainstream media's inability to cover the news. I am just an American cititzen trying to spread the word in the era of FCC consolidation, post 9/11 Patriot Act hysteria, hackable voting machines and war without end. I rant and post news items I perceive to be relevant to our current situation.
All tyranny needs to gain a foothold is for people of good conscience to remain silent.
- Thomas Jefferson
Social Security is not broken and therefore does not need to be fixed
So Called Social Security Crisis (SCSSC)
Comments, questions, corrections, rebuttals are always welcome.
Stopping the Bum's Rush
There are only two things that could endanger Social Security's ability to pay benefits before the trust fund runs out. One would be a fiscal crisis that led the U.S. to default on all its debts. The other would be legislation specifically repudiating the general fund's debts to retirees.Atrio calls..
That is, we can't have a Social Security crisis without a general fiscal crisis - unless Congress declares that debts to foreign bondholders must be honored, but that promises to older Americans, who have spent most of their working lives paying extra payroll taxes to build up the trust fund, don't count.
This AP article was one of the better ones on SS until you got to the last line:
In each case, income from the worker's private account, funded with a portion of their Social Security tax, would be expected to at least make up the difference.
Not according to the chief Social Security actuary. Not according to the CBO study of "model 2" which appears to be the closest thing to the not-plan the president hasn't proposed.