Quote:
Originally Posted by Guest
We constantly hear about Obama having added 9 TRILLION to the national debt. We constantly hear China holds the bulk of our national dept. I've lost all faith in both our lying government and our LIBERAL PRO-OBAMA PRESS.
I was shocked to find that first of all Japan holds slightly more of our national debt then does china. The difference is slight-just a FEW BILLION. More important to us. Together Japan and China hold less than 20%. SOCIAL SECURITY OWNS 42% OF OUR NATIONAL DEBT.
Getting a COLA-YOU ARE PAYING OBAM'S DEBT. Does anyone but me wonder what OBAMA bought with 9 TRILLION DOLLARS? He has not built a national highway system, created national parks, built hoover dam. WHERE DID OUR 9 TRILLION DOLLARS GO?????????????????????????????????????
|
It has always been so people want but they expect others to pay for it.
For most Americans Social Security is the largest tax you pay. For most people, though they may not know it, your employer pays for you, tax free to you the sme amount that you pay. I was self employed so while most others paid 6.5% I PAID 13% OF MY GROSS TO SOCIAL SECURITY. There is a point where you hit a certain income and the rest of your money is free of social security tax. An irony is that I hit that number TWICE and each time they raised the cap the following year.
As I said we all want but, want others to pay for it. The matching of your social security if you work for a company, the retirement contributions, if not for a defined benefit plan then to a 401k, 403B etc, the healthcare plan-if you paid part of it did you pay the 18,000 that it would have cost you?
Since, I did not get any of this, perhaps the government should tax this?
They are talking about taxing my savings or reducing my social security due to the fact that I knew I would be older tomorrow than today and I knew that I had little job (employment) security.