According to a recent email bulletin from Daniel Mintz of MoveOn.org, Republicans and running-dog Democrats are gearing up to “slash” Social Security benefits.
The tone of the bulletin? Strident hysteria. How can anyone even think of such a thing in hard times like these, when “no jobs bill can pass congress”?
Well, we’ve had stimulus bills up to our nostrils, but hope of “recovery” remains just that, mere hope. Mintz, who denies that Social Security is in anything like a crisis, ignores the devastation to the system caused by its Ponzi nature, Congress’s longtime plundering of the program, and the current depression.
He wants you to sign a pledge for no cuts and no raise in the retirement age. He says it would easy to “strengthen” the program by “making the rich pay their fair share.”
Of course, the effect of raising the maximum FICA payment (their “fair share”) without correspondingly increasing benefits to those who pay extra (no one’s proposing that!) would turn Social Security into a blatant welfare redistribution program. All ties to investment? Severed.
Further, it would signal politicians that their sins can always be covered over with a tax.
Worse yet, it would soak up huge hunks of wealth from those who do the most investing and turn a pension system — ideally a huge source of capital — into one humungous capital drain.
Making us all poorer. MoveOn-to-the-poverty-line.org.
This is Common Sense. I’m Paul Jacob.
4 replies on “Move On to the Poverty Line”
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I WOULD LIKE TO TAKE ALL THE LYING FILTHY SONS AND DAUGHTERS OF DOGS AND THROW THEM IN PRISON AND LOSE THE KEYS, I HOPE THEY DO NOT MESS WITH MY MONEY BECAUSE THEY DON’T KNOW WHAT TROUBLE IS UNTIL THEY HAVE TO DEAL WITH ME.
Cui Bono? Who benefits?
How does George Soros benefit from having the PR firm that he funds (MoveON.org) shill to raise the cost of Social Security on the backs of tax paying Americans?
One possibility might be that he ultimately has in mind hedging on a massive devaluation of the dollar. Like he did in Great Britain against the British pound. He ran that currency into the ground and picked up an extra billion dollars in a single day’s worth of trading. Expect that he will manage a profit of multiples of bilions once he does that to the American dollar.
Oh, and the loss in value comes out of the pockets of every Americans who have dollars saved.