More on Social Security

I pulled the article below from Neal Boortz's website. I have been concerned about this garbage program for years, and it's finally in the lime light. My biggest problem is that people who don't have a clue about basic economics or the power of interest are calling their congressman/woman and telling them how much SS means to them. The other issue is that senior citizens are taking money out of my check for their retirement, but won't let me change the plan to improve my future retirement...all without changing their benefits one bit. That is the definition of selfishness, and it's being done by our own parents and grandparents. Most Americans would tell you that the government A: doesn't do much right, B: shouldn't be trusted with our money, and C: will do just about anything to get elected. Then you ask them if a government run program that confiscates 14% of your income so that you can get a monthly stipend that won't even feed your dog when you retire is a good idea, and they will tell you it is, according to most poles. We need to teach economics, saving, and retirement planning from grade 6 on. This is just rediculous.

BUSH FINALLY SAYS IT
President Bush, on tour promoting his seemingly doomed plan for Social Security reform in West Virginia yesterday, finally came right out and said what most politicians won't: there is no Social Security trust fund. The plan is broke, the fund is empty.To illustrate this, he looked inside the filing cabinet that contains the Social Security "trust fund." Do you know what is in there? Is it piles of cash, enough to sustain benefits for decades, as the AARP and Democrats would have you believe? Nope....what's there is $1.7 Trillion in IOU's....treasury bonds indicating that the money has been raided and spent by politicians.To repeat the facts here: there is no trust fund, there is no promise to pay benefits by the government...the lockbox is empty. You would think that people would be jumping up and down demanding private Social Security accounts, because those accounts would not be managed by the government and could never be taken away.Would you depend on an incompetent and fiscally unsound government to put food on your table at retirement? Apparently most people do.