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Originally Posted by Guest
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When first created by FDR there were 14 people working for every person collecting. Today there are 2 and a half.
Contrary to what WE want to believe there is not pile of money that we paid into the ponzi scheme we call social security it is just another progressive tax we were forced to pay. Our government, BOTH PARTIES, used OUR MONEY to buy votes. Bush gave UNFUNDED prescription drug coverage. Obama used the already UNDERFUNDED Social Security to fund OBAMACARE and his TWENTY TRILLION overdraft.
Your social security WILL BE CUT. We have already seen a reduction in cost of living adjustments. My wife and I aged into medicare recently. Due to our income-read that as having already paid top dollars into the system, we apy TWICE the minimum for medicare and we have no inflation protection.
As I've posted many times, our government distributed information tells us that we owe a ton of money to China.
The FACTS ARE, we actually owe slightly more to Japan then to China. More important, TOGETHER JAPAN AND CHINA HOLD LESS THAN 20% OF OUR NATIONAL DEBT-SOCIAL SECURITY HOLDS 42% OF THE NATIONAL DEBT. Our government in control of our money borrowed it-IN TRUTH STOLE IT-there is no agreed to interest rate, no payback date.