Friday, September 16, 2011

Even Canadian Comedians Know Social Security Is A Ponzi Scheme

Listen, I have been pissed ever since the Democrats killed an attempt to reform Social Security under the Bush administration. They managed to scare all the blue hair AARP members into pressuring congress to drop the issue, much to the detriment of future generations. Because of AARP's lobbying against Social Security reform and for the monstrosity called Obamacare I will never be a member. 10 years ago it was proposed to allow younger folks to invest in alternate investment options and to take that amount from the garnishment currently being taken by the federal government to pay for this Ponzi scheme. THERE WOULD HAVE BEEN NO CHANGE FOR CURRENT BENEFICIARIES. The Dems of course ran out their attack ads of senior citizens eating cat food and the reform effort died.

10 years later and the reality that the system is going bankrupt, by some accounts faster then first projected, and we are fighting the same battle. This battle has been fought my entire life always with the same tactics and the same predictable outcome. The outcome is mainly preordained because of one reason. Senior citizens are a reliable voting block and as such politicians will ignore reality to garner their vote.

Americans can either continue to bury their head in the sand with fingers firmly jammed into their ears making "Nah, nah, nah, I can't hear you" sounds or they can face the cold hard truth and bite the bullet and advocate for the changes necessary that will at least give them a chance to have some other sort retirement income not backed by the "good faith and credit" of a now bankrupt federal government.

No comments: