Friday, January 07, 2005

Social Security Mess

What people need to understand is how we got ourselves into the SS mess. We all know why it started (the big depression). But, why is it failing today? Let me tell you;

You see, when they take that SS deduction out of your paycheck, it is not set aside for retired people. Our politicians consider it "general funds” and they place a tag next to it that indicates they will have to pay it some time in the future, but today they can spend-spend and spend some more.

This worked for quite some time because the boomers out numbered the WW2 generation by a big margin and were making plenty of money to support the retired generation. So government used their SS funds to take care of the retirees, and spent what was left over. And they spent and spent and spent (instead of saving some for the next generations).

Now, the boomers will be looking for their cash, and it ain't there, and the following generations are not contributing enough to support the boomers - and well, guess what? Now we have a SS mess. Not because there wasn't enough cash (there was more than enough), but because greedy politicians spent it all, and now they’re trying to fix it and looking all around dumfounded as to what happened.

I say – Eliminate 50% of our nations Congressman and 50% of the Senators (they’re not doing shit anyway), take their salaries and place it into a protected SS fund along with current SS contributions, invest it into conservative mutual funds, and the problem will be solved in just a few years. After all, politicians created this mess, make them sacrifice their jobs in order to fix it.

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