Kill Social Security Let Them Eat Dog Food
The Republicans want to kill Social Security and replace it with private savings accounts. This is another attack by Wall Street on working people. The Bush tax cuts of 2001 and 2003 created massive and unsustainable deficits. The Republicans knew the tax cuts would create these frightening deficits but they irresponsibly pushed the cuts through anyway.
The Republican plan was to get their tax cuts, create a budget crisis, and then assault Social Security (and Medicare) as the culprit. They intended all along to fund their tax cuts for the rich by slashing so called “entitlement programs”.
We are now in the budget crisis phase and the talk of replacing Social Security has started. This assault on workers and the elderly is only achievable during a period of extreme financial crisis. Republicans are going to use this crisis as a smoke screen to reverse the New Deal.
It’s going to take a lot of lying to convince Americans to give up their retirement benefits. The Republican lie Gestapo is being unleashed upon a gullible public. They will convince you that the system will soon be insolvent. You will be told that there are not enough workers to support the number of retirees. You will be told that a private retirement savings account will make you a millionaire by compounded returns earned in the stock market. Ultimately, if you are still not convinced, you will be told that you are never going to get Social Security payments anyway so way bother to pay into the system.
All of this will be explained to you rationally and reasonably by your trusted elected Republican congressmen and it will all be a pack of f%#’n lies. DO NOT UNDER ANY CIRCUMSTANCE ALLOW THEM TO GIVE THEMSELVES ANOTHER TAX CUT WITH YOUR MONEY!!!!!
You already have a private retirement savings account to supplement your Social security. It’s called a 401K account. You have already learned twice in the past 10 years that investing in the stock market does not guarantee any return at all never mind a compound return. We now know that you could actually lose your money forever!!
Nobody can honestly advise you to invest all your savings in a stock mutual fund and tell you it’s safe. In fact, nobody can truthfully tell you anymore that your money is safe in a bank. The banks have been deregulated and are free to invest in unsafe securities betting on a high return. Just like in Las Vegas, when you bet you can lose and the banks have proven that they are perfectly willing to bet your money without any concern about losing it all.
What is wrong with the current arrangement of Social Security supplemented with a 401K savings account? Nothing at all!!! It’s a perfect arrangement. Why should we give it up so the rich can get richer?
It’s true that the Social Security system will temporarily run a deficit as we work through the baby Boomer generation, but it’s only temporary, and beyond that its’ clear sailing. DO NOT BELIEVE THE BABY BOOMER LIE!!! We should raise the payroll cap of $90,000 so the rich pay the same amount as the rest of us. Moreover, the Bush tax cuts should be reversed on those making in excess of $300,000 since borrowing money from the Chinese (and from Social Security receipts) to fund the tax cut was irresponsible in the first place. Those Bush tax cuts created this debt crisis and they should be allowed to expire.
Do not let the Republicans put a gun to your head and leave you eating dog food when you reach age 65. This is class warfare and you need to stand firm and fight back. TELL THEM TO GO TO HELL AND THAT WE WILL NOT BE RULED BY THIEVES AND LIARS!!!
