Talk of The Villages Florida - View Single Post - What Would Be Wrong With This?
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Old 10-30-2008, 10:17 AM
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Franklin D. Roosevelt had that kind of political power after the 1932 elections. The results were the creation of Social Security, the FDIC to guarantee bank deposits, Fannie Mae to assure the ability of people to buy homes.
Speaking of Social Security, I also think that was one the biggest frauds ever perpetrated on the American people.

You pay into it all your life and the government keeps raising the age limit to get it back hoping you’ll die before you actually need it. Not only that, even though the money is yours, what happens if you go out an try to earn a little extra to supplement it? You can only do so much before you are panelized. Wait a minute; I thought the money I paid in was mine?

Imagine if banks did that with your savings account. After retirement you start drawing out a little each month. Then you get a letter from the bank telling saying you are earning too much on the side and you can’t draw out as much each month.

Who would stand for that? But yet when the government does it to us we just shake our heads and live with it.

I heard the other day that one of BO’s inner circle proposed to get rid of 401k’s and roll your money to the government where they can dole it out with your SSI checks w/ 3% interest. Is there nothing we have they aren’t trying to figure out a way to grab control of?

And Fannie Mae? They sure did assure the ability of people to buy homes, even the ones who can’t afford to pay for them. Seems that one got us in a bit of a pickle also.

With the exception of our fine Military I don’t see much of anything the government ever gets right, especially social programs (via FDR’s new deal). We’ve transferred trillions of dollars into social programs and still we have poverty and some people who just can’t seem to make it.

How much more of our money do we need to send to Uncle Sam to insure other people’s future?

I have a radical idea. How about the government let’s us keep our money so we can inure our own futures.