Shopping Cart
Your Cart is Empty
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping Cart

Becker & Associates



What's happening to Social Security?

Posted on July 23, 2015 at 3:55 PM

We all know by now that $720 BILLION was borrowed from our Social Security fund by the current administration to pay for it's new Government run HealthCare.  We got exactly what a citizenry who was not paying attention or holding their congress accountable for things like actually READING the bill before even considering imposing it on Americans can expect to get.

Throughout its 75 year history, Social Security has provided critical economic security to millions of retirees, families, children and the disabled. Social Security is paid for by the dedicated contributions of workers and their employers, has administrative costs of less than one percent, and since it cannot borrow to fund its operations, Social Security does not contribute to the deficit. No wonder that Americans from all walks of life consistently and overwhelmingly support our nation's most successful social insurance program -- a level of support that is not achieved by other governmental programs.Social Security is self-financed, cannot borrow, spends less than one percent on its administrative costs.

The government borrows these Social Security funds to pay for other government spending -- but is obligated to pay interest on these borrowings -- and pay back the borrowed funds in full when they are needed by Social Security for benefit payments.  WHY aren't they paying it back?

A look at the federal budget over the same time frame reveals a starkly different picture -- many years of deficits, with only a few years of surplus -- a surplus that disappeared during the G.W. Bush Administration. In 1993, a Democratic Congress and President Clinton, without a single Republican vote in either the House or Senate, enacted a budget plan that put it on a path to elimination of the deficits --and brought the budget into balance, and then later into surplus.

The taxpayers of America bailed out the banks -- wouldn't it be fair now to ask the banks to pay back what they have cost Social Security? A tax on financial transactions and a tax on Wall Street bonuses, with revenues dedicated to Social Security, would pay back to Social Security and its contributors what has been taken from them.

Pay Back Social Security! -- The Government Has Borrowed More from Social Security (easy pickens) than any Other Entity or Foreign Government.

Another argument made by Social Security opponents to raise fear about the national debt is how much our government has borrowed from China. They never mention how much our government has borrowed from Social Security. In fact, the government has borrowed more from the Social Security surplus than it has from any other source in the world, including China. As a result, Social Security now "owns" nearly 18 percent of the federal debt, making it the largest single holder of US debt. The government owes almost twice as much to Social Security as it does to China and Hong Kong. ...and most Americans have no idea about this debt it seems, and are doing nothing to demand that the Feds pay US back! 

We elect people who take our Social Security fund to fund a Government run Health Plan and just sit and watch the carnage done to what we've worked and contributed to for our whole lives.  This "taking", "stealing", "Borrowing" or whatever we call it...the pillaging of a fund that working folks paid for, taken in order to pay for programs that the government will pay for is nothing more than a move to control the largest segments of the American economy.

How many Americans over 50 do you think are ready for life with no Social Security?  The answer is not many! Only about 10% have saved enough to live life without a dime from social security.

Categories: None

Post a Comment


Oops, you forgot something.


The words you entered did not match the given text. Please try again.


Reply SamPew
1:36 AM on September 23, 2021 
sildenafil 100 mexico
Reply IvyPew
1:25 AM on September 23, 2021 
canadian rx viagra
Reply kobe shoes
1:06 AM on September 23, 2021 
Needed to draft you one little word so as to thank you over again for these pretty ideas you've contributed on this site. It is seriously generous with people like you to provide unhampered what many individuals could possibly have sold for an e book to generate some bucks on their own, precisely given that you could possibly have done it in the event you wanted. These ideas likewise worked to become easy way to recognize that some people have a similar fervor just like my own to figure out many more with regards to this condition. I think there are several more fun moments in the future for people who look over your website.
kobe shoes
Reply BymnStymn
12:59 AM on September 23, 2021 
how long does it take plaquenil to work for lupus
Reply PaulPew
11:59 PM on September 22, 2021 
tadalafil 10mg canada
Reply kyrie 7 shoes
11:31 PM on September 22, 2021 
I precisely wished to thank you so much all over again. I'm not certain the things I might have accomplished without these concepts contributed by you over my theme. It actually was a frustrating scenario in my opinion, nevertheless taking note of this specialized mode you treated that made me to weep for contentment. I am just thankful for the advice and as well , hope you know what a great job you happen to be putting in training men and women thru your website. I am sure you have never encountered all of us.
kyrie 7 shoes
Reply jordan 6
11:31 PM on September 22, 2021 
I wish to get across my affection for your generosity in support of persons who actually need help with this field. Your very own dedication to getting the solution up and down had become definitely powerful and have constantly empowered individuals just like me to reach their pursuits. Your amazing helpful key points indicates a whole lot to me and further more to my mates. With thanks; from all of us.
jordan 6
Reply moncler outlet
11:30 PM on September 22, 2021 
I'm commenting to make you know what a remarkable encounter my friend's child found browsing your site. She mastered numerous details, which include what it's like to have a wonderful giving heart to make the rest completely fully grasp specified complex matters. You actually exceeded my expectations. I appreciate you for displaying these priceless, trusted, informative and in addition fun thoughts on that topic to Sandra.
moncler outlet
Reply TeoPew
10:56 PM on September 22, 2021 
online pharmacy discount code 2018 buy kamagra online with paypal cytotec pills buy generic viagra price cialis for sale india buy viagra pharmacy uk
Reply TedPew
9:57 PM on September 22, 2021 
generic cialis in australia purchase cialis tretinoin 005
Reply AshPew
9:55 PM on September 22, 2021 
generic cialis online cialis 5 mg discount coupon fildena online india baclofen cost uk buy viagra nyc stromectol 0.5 mg
Reply CarlPew
9:55 PM on September 22, 2021 
buy provigil in mexico
Reply MaryPew
9:28 PM on September 22, 2021 
ivermectin 200 mcg
Reply moncler
8:56 PM on September 22, 2021 
I must express some thanks to you for bailing me out of this circumstance. Right after surfing through the internet and meeting thoughts which were not pleasant, I figured my entire life was well over. Being alive without the presence of strategies to the issues you have sorted out by means of your good short article is a serious case, as well as the ones that would have in a negative way affected my career if I hadn't discovered your site. Your own personal talents and kindness in dealing with the whole lot was useful. I am not sure what I would've done if I had not encountered such a step like this. I am able to at this point look ahead to my future. Thank you so much for this expert and results-oriented help. I won't hesitate to propose the website to anybody who needs and wants counselling about this situation.
Reply ZakPew
8:54 PM on September 22, 2021 
cialis buy cheap viagra mastercard buy viagra 100mg buy sildenafil online sildenafil for sale india online cialis order
Reply MiaPew
8:37 PM on September 22, 2021 
viagra pills order online
Reply NickPew
8:09 PM on September 22, 2021 
viagra generic sale
Reply EvaPew
7:41 PM on September 22, 2021 
buy ivermectin canada
Reply AlanPew
6:39 PM on September 22, 2021 
viagra online canada paypal ivermectin lotion 0.5 ivermectin buy online where to order generic viagra viagra malaysia sumycin online valtrex rx sildenafil generic drug cost brand cialis canadian pharmacy over the counter prednisone cheap
Reply SamPew
6:33 PM on September 22, 2021