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Social Security in America is about to become extinct. [View All]

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fasttense Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-17-10 01:41 PM
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Social Security in America is about to become extinct.
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"The deal on the debt limit allowed senators to head home while preserving Republicans' opportunity to debate the debt limit increase before President Obama's State of the Union speech next month...

The agreement sets up a Jan. 20 vote on a longer term debt limit expansion, which would raise the ceiling to about $13 trillion. It would include votes on several Republican amendments on that date, as well as related Democratic amendments. The amendments will need 60 votes to pass.

The most closely watched may be an amendment offered by Senate Budget Chairman Kent Conrad, D-N.D., and ranking member Judd Gregg, R-N.H., creating a special commission to recommend binding steps to reduce entitlement spending."

http://www.govexec.com/dailyfed/1209/122909cdam1.htm

The amendment that Conrad and Gregg are pushing is to create a binding commission to reduce your Social Security. Seems the billionaire Pete Peterson has conned some idiot Senators (and of course a slew of ConserveDems and RepubliCONS in the House) to do away with Social Security. This is how the billionaire plans to steal your your social security dollars:

This creates a binding commission so that Congress can only vote up or down. Whatever the commission recommends must be voted on without any amendments. This is how Ronnie Raygun and Greenspan managed to borrow from the Social Security Trust Fund so that instead of keeping the $3 Trillion (That's T for Trillion) of social security surplus liquid and available, they borrowed it and spent it in the general fund. A nonpartisan commission headed by Greenspan recommended that middle class and poor nearly double their tax rate (while reducing the amount the rich paid in).

So, now that you have paid for both your parents and your own retirements it should be there for you, right?.

But the money you paid into Social Security will disappear if this commission that Conrad and Gregg are pushing has its way (by the way Obama likes this plan too). A binding commission does not answer to voters, baby boomers or anyone else. They can decide whatever they want, including stripping you of your well earned retirement money and/or benefits put away in the Social Security Trust Fund. This is nothing but a bait and switch. You paid in for 25 years and now they are telling you you are not entitled to what you have paid for. How is this any different then defaulting on loans we owe to China or Japan?

Contact your Senator before the 20th and don't let them steal our Social Security retirement money yet again. Let them know we are watching and will hold them responsible even if they try to hide behind a commission.

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