Reply #17: This has been their plan all along

[Oilwellian]

They knew privatization would never happen because there's no way our economy could handle the additional $2 trillion debt. To this day, I hear people say, "Reagan cut taxes" but instead, I remember winding up paying MORE in taxes under Reagan because he raised SS taxes 3 fucking times. The lower and middle classes were hit the hardest by this tax because of the $80,000 cap they set for the wealthy. See how that works?

And what did they do with the surplus of money they gained from those tax increases? They fucking spent it.

Annual Social Security surpluses are credited to the Social Security Trust Funds, but have been used to cover government expenses, leaving in their place government securities, or "IOUs."

"The trust fund is bankrupt; it is IOUs from the government," said Sean Spicer, spokesman for Rep. Jim Nussle, Iowa Republican and House Budget Committee chairman.

http://washingtontimes.com/national/20050116-115804-7584r.htm

So now we're to be double-taxed because the Republican controlled congress for the past 10 years couldn't keep their greedy hands off of our retirement money? Isn't this the same thing as corporations raiding pension funds and then claiming bankruptcy? Isn't it incredible that a republican spokesman for the chairman of the House Budget Committee admitted that government securities can't be repaid? What does this say to other countries who are financing our debt?

THAT is the REAL crisis here and I hope Democrats don't agree to raise OUR taxes AGAIN while the wealthy still enjoy windfall taxcuts and perks from their bought off representatives. I hope it's enough to thoroughly outrage the American middle class.