How I Would Save Social Security
freedomfighters2007 presents a plan for saving Social Security:
Good afternoon, friends. I want to talk to you a little bit about Social Security today. The White House under Obama has announced that Social Security is going to become insolvent in 2037. While the Obama administration promises total transparency, which has not been fully realized to say the least, but even that tradition I call upon the Obama White House to ask the OMB, the Congressional Office of Budgetary Management, to count up all the money and all the times that the Congress has raided the surplus of Social Security since at least the 1960s or 1970s.
Add it all up, get a total on it and the Congress and Senate need to come up with a plan on how they’re going to pay all that money back to the Social Security fund between now and 2037. If they would just give us back the money they have stolen to balance the budget or to spend it on projects that they wanted, then we wouldn’t be in such bad shape.
Of course, you know when the New Deal stated there were 7 people supporting each one recipient, but now it’s more like 2 or 3 and it may slip down to 2 very shortly because of the baby boomers.
But anyway, I say let’s come up with a plan on how to pay back all this money to the Social Security trust fund by 2037 so we’ll be whole, and then to come with a plan on how to keep it going from there. It’s certainly going to take some tough decisions. It’s going to be very unpopular, but honestly Social Security is going to have to turn into something that only pays the people who really need money and the rich, you know, they don’t need to be drawing Social Security now. There has to be some concessions made to the rich for this, and maybe a window of time where the rich in between getting money and not getting money, maybe the rich can get paid back what they put in. There should be a window there so that people do not get ripped off and their whole lives changed and if they’re like 60 right now they’re fixing to retire 62 or 65 and they want to draw on Social Security, to have it stolen from them without any warning of this kind is not in the interest of the United States and not something that we would want to do because that was called the New Deal, and it was a promise to Americans.
But, at the same time, an order to save the fund we’re really going to have to make a situation where instead of keeping on upping the limit, of what you got to pay in, maybe people whose asses are over the limit… I’m not talking about their homes, I’m talking about liquid assets like cash, businesses and that sort of things… their home and their car or a couple of cars could be excluded. But if their net worth is over $91,000 or if their income is say a certain percentage, maybe what the amount of their check would be or something that they wouldn’t receive.
You kind of get one to saying, I don’t really know how to work it out, whether or not if their income is over $91,000 or if their income or assets is over $91,000, and then as they have to spend on their own medical needs and different things and give to their children as their assets fall below $91,000 then they would be able to receive benefits.
But, first things first. You’ve ripped us off, the Congress and the Presidents past, and please count it up and let’s go over the program to pay it back by 2037, we’ve got like 28 years. And let’s see what the outlook would be then and then export these other measures that I am talking about.
I thank you very much.
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