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November 7, 2007 at 11:56:19

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The Great American Social Security Bamboozle

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By Richard E Walrath and Patricia L Johnson, Posted by Patricia L Johnson (about the submitter)     Page 2 of 2 page(s)

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This administration did not err in providing prescription drug coverage to senior citizens and the disabled; their error was in not negotiating lower prescription and medical costs prior to implementing the program.

The "plot" and that's the only way to describe it is to bamboozle people into believing there is a real problem with Social Security that requires reducing benefits to solve. 

But, even more, the "plotters" want to get this done BEFORE the time comes when the Social Security pay-out is more than the pay-in.

Why is this so important to the "plotters?"

Three reasons: 

  • First, all the money borrowed from Social Security--and spent by the government would have to be repaid
  • Second, there would no longer be a Social Security surplus each year that the government could borrow and spend.
  • Third, and finally, Social Security would have to be paid for, partially, out of the general revenue fund which would require an increase in taxes.

Guess who the "plotters" are in this scheme of things?

Richard E Walrath is a writer residing in central Ohio.  He is a former budget analyst and co-owner of the Articles and Answers News and Information sites:  http://www.articlesandanswers.com

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The problem with Social Security is totally caused by govern by DrColes on Thursday, Nov 8, 2007 at 12:48:19 PM
The problem with Social Security is totally caused by govern by Patricia L Johnson on Thursday, Nov 8, 2007 at 1:09:50 PM
Social Security by Rae on Thursday, Nov 8, 2007 at 3:26:29 PM
Social Security by Patricia L Johnson on Thursday, Nov 8, 2007 at 7:46:52 PM

 

 

 

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