President Obama wants to have it both ways. He wants to appear to be fiscally responsible and he knows that to do so, that something has to include Social Security. However, to try to keep as many Democrats in office that he can he has to play that other favorite card of the Democrats, that Republicans want to push grandma in her wheelchair down the stairs by privatizing Social Security.
In a campaign stop in Racine, Wisconsin the president had this to say, “”I’ll fight with everything I’ve got to stop those who would gamble your Social Security on Wall Street. Because you shouldn’t be worried that a sudden downturn in the stock market will put all you’ve worked so hard for—all you’ve earned—at risk.” Oh, really, Mr. President? Then perhaps you can show us where all the Social Security money is that you don’t want to put at risk. The problem is that the government spent it all. That’s right, there’s no lock box, no account, no bank vault, no hole in the ground were the money is buried, earning nothing. I only wish I was able to put “at risk” all the money that the government took out of my paycheck along with my employer’s contributions.
Based on my last annual statement from the Social Security administration, the government collected about $170,000 from me and my employers on my behalf. Had I the opportunity to put that “at risk” in the stock market, the Dow Jones 30 industrials to be precise, including all the ups and downs, that $170,000 would be worth about $800,000 today. Thank you Democrats for keeping me safe from accumulating that amount of wealth and instead “investing” it in ethanol, turtle crossings in Florida, bridges to nowhere, airports in John Murtha’s district that no one flies to, etc. By Social Security estimates, that money they took from me and my employers, will be paid back to me and run out about ten to twelve years before I expire. So instead of having a real nest egg that I can live off of and pass the rest on to my heirs, my getting Social Security will depend on the next generation getting taxed to the eyeballs to pay me and they can hope the next generation does not rise up in arms when they get the bill.
Everyone who supports the Social Security system as it is today, acknowledging that we have to fulfill our commitment to those who have retired or are very near to retiring, should join Bernie Madoff in cell block C, for the Ponzi scheme the government created. President Obama, it is time to stop lying to the American people. We don’t want government to run our lives. You have crammed your left wing agenda down our throats and we will give you our rebuttal on November 3. Then your one term will be up two years hence.
